Clarify or confirm ,can be issue by employer for form-16 to non taxable employees as bank loan or banking purpose
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2014
I am working as Group-D Employee under West Bengal State Government (Department-Irrigation & Waterways Directorate) since November2012, So that my monthly as well as yearly Income is not upto the mark i.e. less than of Taxable Income. For this reason, my seniors was confused to issuing Form-16 in favour of me as Non-Taxable Income.
I know well to issuance Form-16 for each and every employees where incomes are Taxable and it is mandatory also but as per my knowledge it can be also issuance Form- 16 where incomes are less than Taxable with below mention statement by Employer or Office Authentic Person in Last page.
I.(Emplo yer or Office Authentic Persons Name) ,son of (Father Name of Employer or Office Authentic Persons Name) do here by certify that a sum of Rs. 0.00 (NIL) has been deducted and deposited to the credit of the Central Government. I further certify that the information given above is true, complete and correct and is based on the books of accounts, documents, TDS Statement , TDS deposited and other available records.
Please confirm and clarify its can be issuing Form-16 for employees where incomes are less than Taxable or not.
N.B:- When I was working in Private Finance Company that time our A.V.P of this finance company was issued Form-16 in favour of me as per systematic whereas that time my Annual Income was also Non-Taxable like now and mentioned statement like above as yellow mark with Seal & Sign definitely.
I know well to issuance Form-16 for each and every employees where incomes are Taxable and it is mandatory also but as per my knowledge it can be also issuance Form- 16 where incomes are less than Taxable with below mention statement by Employer or Office Authentic Person in Last page.
I.(Emplo yer or Office Authentic Persons Name) ,son of (Father Name of Employer or Office Authentic Persons Name) do here by certify that a sum of Rs. 0.00 (NIL) has been deducted and deposited to the credit of the Central Government. I further certify that the information given above is true, complete and correct and is based on the books of accounts, documents, TDS Statement , TDS deposited and other available records.
Please confirm and clarify its can be issuing Form-16 for employees where incomes are less than Taxable or not.
N.B:- When I was working in Private Finance Company that time our A.V.P of this finance company was issued Form-16 in favour of me as per systematic whereas that time my Annual Income was also Non-Taxable like now and mentioned statement like above as yellow mark with Seal & Sign definitely.
20 September 2014
it is not mandatory to issue you form 16, but your employer may issue, and there is no problem in it.
you may ask salary certificate and if you are filling income tax return you may use it as an income proof
you may ask salary certificate and if you are filling income tax return you may use it as an income proof
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
