Dear Sir,
In TDS Return We have Submitted the Details of those employees who's salary exceeds Rs. 160000/- (Exceeds over Exemption Limit). Can we issue
the form No 16 of those employees who's Income Exceeds above Rs . 160000/- ?
Plz urgent reply.
Parmod Agarwal (Assistant Manager) (394 Points)
09 January 2010Dear Sir,
In TDS Return We have Submitted the Details of those employees who's salary exceeds Rs. 160000/- (Exceeds over Exemption Limit). Can we issue
the form No 16 of those employees who's Income Exceeds above Rs . 160000/- ?
Plz urgent reply.
Amir
(Learner)
(4016 Points)
Replied 09 January 2010
Dear Pramod,
ur query is not clear??
But Form 16 can be issued to ALL EMPLOYEES IRRESPECTIVE OF THEIR SALARY..
NEEDLESS TO SAY THAT IT IS MANDATORY TO ISSUE TO THOSE EMPLOYEES WHOSE INCOME EXCEEDS EXEMPTION LIMIT..
CA Reetika Agarwal
(Chartered Accountant)
(43 Points)
Replied 09 January 2010
Amir is right in sayiing...........
C.Balaji
(Learner)
(1867 Points)
Replied 13 January 2010
From 16 can be issued to all employees irrespective of their salary..
PRAVEEN KUMAR PARWAL
(CA PCC)
(64 Points)
Replied 13 January 2010
their is no rule for issuing form 16.
PRAVEEN KUMAR PARWAL
(CA PCC)
(64 Points)
Replied 13 January 2010
their is no rule for issuing form 16.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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