Dual employment.

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This query is : Resolved

Karthick Subramanian (Querist)

07 July 2008 A company was closed mid year.

An employee who was working in that company changes his job to another company. The liquidated/closed company refused to issue form 16.

Can the employee files his ITR - 1 with only one form 16(from the second company)?

Non attachment of form 16 from the previous employer might lead to rejection of the return for lack of proper attachment.What should the employee do?

How should he file his return?

Karthick Subramanian

Karthick Subramanian (Querist)

12 July 2008 urgent. please reply!!!!!!!

Karthick Subramanian

Karthick Subramanian (Querist)

14 July 2008 could someone answer this asap

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)

14 July 2008 Note that Form 16 is no more required to be attached with the Return of Income. However, certain particulars of salary earned and TDS are to be furnished in the Return of Income. Form 16 is required in case Tax has been deducted on the salary paid.It seems that the previous employer has not deducted any tax(TDS) on the salaries due to you u/s 192 of the Act. If it is so, then you can simply disclose the salary amount received from the first employer to the second employer who may consider it in the Form 16 to be issued to you. Otherwise, in a case, tax has been deducted from the first employer then you will have to obtain Form 16 from the first employer also for the purpose of furnishing the particulars of tDS in ur IT Return.

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