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.
5 Replies
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.
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
