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mallela.ravikiran (learner) (136 Points)

02 January 2010

Hi,

Can any one clarify me regarding issue of Form -16.

Form -16 can issue all the employees, even there is no taxable income.

Thanks in Advance ,

Rgards,

Ravi.

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6 Replies

CA Pramod Jain (manager finance) (1577 Points)
Replied 02 January 2010

ya it can be issued to all the employee even if there is no taxable income

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mallela.ravikiran (learner) (136 Points)
Replied 02 January 2010

we not filed e_TDS returns for thouse employees. without mention NSDL acknowledgement numbers can we issue ?

SUNIL SINGH (ACCOUNTANTS AND INCOMETAX WORKS) (142 Points)
Replied 02 January 2010

If there is no taxable income, no compulsory mention NSDL acknowledgement numbers & issue form 16.

CA Pramod Jain (manager finance) (1577 Points)
Replied 02 January 2010

agreeing with mr.sunil singh if income is not taxable without taking in account deduction under chapter via

mallela.ravikiran (learner) (136 Points)
Replied 02 January 2010

Thanks Mr. Pramod & Mr. Sunil for clarifying my doubt

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SRINIVAS SRIRAJ (Chartered Accountant) (130 Points)
Replied 03 January 2010

Form No.16 is a statutory form and has to be issued only when the statute requires it to be issued. It is required to be issued only when tax has been deducted from Salary and hence, there is no need to issue the same in cases where there is no deduction of tax.