CA Can give Form 16 Where Employer not deducted tax because of Employee Joined before 3 Monthsat the end of F.y and Gross Not Exceed the Tax Limit.But Employee has to submit Form .16 For Bank Loan Give me suggestion
K.Naveenbabu (Article's) (37 Points)
19 July 2011CA Can give Form 16 Where Employer not deducted tax because of Employee Joined before 3 Monthsat the end of F.y and Gross Not Exceed the Tax Limit.But Employee has to submit Form .16 For Bank Loan Give me suggestion
srinivasa.B
(CA final, Bcom )
(70 Points)
Replied 19 July 2011
Naveen,
Form 16 shall be issued by the Employer who is paying salary to his employee( not by CA).
The for 16 is a proof that salary paid and TDS deducted on such salary. It is Important to file the IT retuns.
For bank loans usually they ask IT retuns not form 16.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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