Form 16

This query is : Resolved

Satish Sachdeva (Querist)
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24 May 2010 If a person had worked in one organisation from April 2009 to september 2009 and later joined new organisation from October 2009 to March 2010.

In previous organisation he had a refund of Rs. 2,00,000/- as the compay had deduted excess tax on his income. in the new organisation he got the benefit of the excess tax deducted in previous organisation.
Now at the time of finalisation of form 16 there is tax payable on the income earned in new organisation but overall tax laibility is nil.
Can we show tax payable in form 16 of new organisation? or is there any other option to show complete tax laibility and deduction of the same?

Please advise as it is little bit urgent.
regards
Satish Sachdeva

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 May 2010 you can show as payable if you got the proof of form 16 for refund from previous employer

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 May 2010 you can show as payable if you got the proof of form 16 for refund from previous employer

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