glidor@gmail.com
21068 Points
Joined January 2010
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Originally posted by : Rajesh |
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Thanks,
One more question, Where to show the Advance Tax and Self-Assessment Tax in Form 16, there is no provision for the same. |
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advance tax paid by employee , means the employee has other source of income too, if the same is related to capital gains or speculations, just ignore it in form 16,
capital gains are not part of income, so they can't take place in form 16, but at return stage it will be taxable.
if there is another reason for advance tax........please publish the same in forum to give proper idea.
regarding self assessment tax, it dont have to be taken in account anywhere in form 16.