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Tax filing

bharath6 (Manager) (24 Points)

20 December 2016

Hello, I have worked on Company A till july 2015 and joined company B on Aug 2015. I would like to know, If I have to declare form 16 for both the companies or just Company B. I haven't filed returns yet. If I do it now, will it attract any fine or penalty. Please let me know ASAP as I don't want to be a defaulter. Thanks in advance.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (184685 Points)
Replied 20 December 2016

You are required to file the total salary income from April 2015 to March 2016, i.e, as per both forms 16 of Companies A & B, (provided you had not declared your previous job to company B.)

No, there won't be any penalty, if you file your return even now. In case of any additional tax liability, interest over the same would be added, thats all.

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