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Discussion > Income Tax > Others >

Form16

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Tax consultant

[ Scorecard : 42] 		Posted On 30 June 2012 at 21:08 Report Abuse

Dear experts,

Let me know

  1. If  taxable income is less than Rs.500000, is it necessary to an employer to give Form 16 to their employee for tds deduction?
  2. If no tds has been deducted is it necessary to an employer to give Form 16 to their employee?
  3. Any Provisions in act?

sanjay
Article assistant

[ Scorecard : 94] 		Posted On 30 June 2012 at 23:50

i think no need not to issue form 16 ....waiting for experts reply....


CA Kiran Kumar
General Manager Accouning

[ Scorecard : 30] 		Posted On 02 July 2012 at 05:43

Form 16 is mandatory if there is any TDS. No such obligation if there is no deduction

 

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