RAJIV
senior accounts officers
[ Scorecard : 1461]
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Posted On 23 May 2012 at 08:50
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good morning to all experts,
i have a query abt. tds on pension, supoose a men is retired army captian.after retirement he did not job anywhere. he rec. only pension 20000. than will he rec. pension deduct tds @ 10%. if yes than where he will get form 16a.
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CA SUNNY AGGARWAL
Tax Consultant
[ Scorecard : 552]
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Posted On 23 May 2012 at 09:37
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IF TDS IS DEDUCTED THEN FORM 16 WILL BE ISSUED BY THE BANK FROM WHERE HE IS RECEIVING PENSION AFTER DEDUCTING TDS.
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CA Tushar Lakhanpal
CA
[ Scorecard : 416]
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Posted On 23 May 2012 at 09:44
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yup. form 16 can be recd. from the bank in which such pension is recd.
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gbalakrishnan
owner
[ Scorecard : 396]
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Posted On 23 May 2012 at 14:13
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yes, bank shd take form 16 from you, they may have forgotton, now give form 16 to bank. if already deducted you have to file return , yes meet the PRO of your relevant I T O/ A O please friend
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annu.R
Article,CS,B.Com
[ Scorecard : 2720]
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Posted On 23 May 2012 at 18:48
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Please read the sub para 5 of Para 8 of CBDT issued by the Govt in May 2011 for better clearity.Their PDA (Bank or trasery) is responsible to deduct the TDS is liable otherwise their (pensioner's) investments/expenses can easly cover the the same it is not a big ammonut ............
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