Dear All,
our company gave incentive of year 2007-08 of to an employee in 2009-10 after resigned in 2008-09. So should our co. give him Form 16 for 2009-10. we have not deducted any TDS & he has not enquire for such form16.
Soumyayan (Service) (72 Points)
14 July 2010Dear All,
our company gave incentive of year 2007-08 of to an employee in 2009-10 after resigned in 2008-09. So should our co. give him Form 16 for 2009-10. we have not deducted any TDS & he has not enquire for such form16.
CA. Pradeep Nayak
(Not In Practice)
(1403 Points)
Replied 14 July 2010
It is mandatory to issue Form 16 when tax is deducted. Else it is optional. Please understand that Form 16 is a TDS certificate, not a salary certificate.
Rahul Gupta
(Project Controller ACA MBA(Fin.))
(8014 Points)
Replied 14 July 2010
Agree with Mr Nayak. FORM 16 needs to be issued, in case TDS is dedcuted. Otherwise, if the employee demands, then only you need to give Form 16.
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