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Is this form 16 valid

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)

15 November 2012

The employer company has issued Form 16 to the employee :

Total tax payable 65000

less TDS 56000

Tax payable/refundable 9000

Is this Form 16 valid.

Regards,

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6 Replies

CA Raviteja (Risk Management) (585 Points)
Replied 15 November 2012

Salary particulars must be disclosed. And also, it must be in the format given by govt. so, the given form 16 is invalid in my opinion.

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Poonam (CS,Mcom CA FINAL) (512 Points)
Replied 15 November 2012

its an invalid form 16 as only details regarding tax is given......

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 15 November 2012

I am sorry I framed the question in very short.

It is usual Form 16 with all particulars, details, prescribed format etc. My question is on the last two lines. Can a employer company issue form 16 shwoing Tax payable.

Regards,

CA Raviteja (Risk Management) (585 Points)
Replied 15 November 2012

Yes, if tax is short deducted, you must show the same in Form - 16 and it is still valid.

However, the IT dept. may later on ques the company for short deducting. But, if u have adequate reason, its ok.

Neverthless, the Form-16 is still valid.

CA Parul Saxena (CA) (8471 Points)
Replied 15 November 2012

You can cheque whether on the right side top corner 'Unique certificate number' is mentioned or not?....It it is mentioned it is valid and downloaded from tin-nsdl.com...