Dual employment
This query is : Resolved
Karthick Subramanian
(Querist)
12 July 2008
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?
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?
12 July 2008
The employer - company has to issue form 16 to the concerned employee...
Form 16 is not required to be attached with ITR 1. However, the same has to be furnished if the AO asks for it in the future... So, its better to have Form 16 in our records.
There may be 2 situations in ur case:
Situation 1 - TDS is deducted by the said employer:
If TDS is deducted, particulars such as Employer name, its TAN, Address, date of payment, amount of payment are required to be furnished in ITR 1 which we can find in the Form 16 issued by the employer
Situation 2 - TDS is not deducted by the said employer:
Form 16 may not be taken from the employer, but, as i said earlier, if AO calls for the same, one has to submit it him
Form 16 is not required to be attached with ITR 1. However, the same has to be furnished if the AO asks for it in the future... So, its better to have Form 16 in our records.
There may be 2 situations in ur case:
Situation 1 - TDS is deducted by the said employer:
If TDS is deducted, particulars such as Employer name, its TAN, Address, date of payment, amount of payment are required to be furnished in ITR 1 which we can find in the Form 16 issued by the employer
Situation 2 - TDS is not deducted by the said employer:
Form 16 may not be taken from the employer, but, as i said earlier, if AO calls for the same, one has to submit it him
Karthick Subramanian
(Querist)
14 July 2008
Thanks shailesh
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
