Form 16

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This query is : Resolved

CA IRSHAD KHUDKHUDIYA (Querist)

08 August 2011 DEAR SIR/MADAM,

(A)I HAVE ONE QUERY REGARDING ISSUANCE OF FORM 16 IN CASE OF EMPLOYEE WORKED IN MORE THAN TWO COMPANIES, WHETHER WE HAVE TO CLUBE THE SALARY OF THE SAID EMPLOYEE WHICH WAS RECEIVED BY EMPLOYEE FROM HIS/HER PREVIOUS EMPLOYER.

(B) IF EMPLOYEE IS ALSO ENGAGED IN THE BUSINESS AND RECEIVED INCOME FROM IT, WHETHER EMPLOYER HAS TO CONSIDER THE BUSINESS INCOME FOR CALCULATION OF TDS ON SALARY?
IF YES, THEN IN CASE OF ISSUANCE OF FORM 16 BUSINESS INCOME TO BE SHOWN OR NOT?

THANKS IN ADVANCE.

CA Ashwani Agarwal

CA Ashwani Agarwal (Expert)

08 August 2011 (A)No you have no need to club the same. You can get two separate FORM 16 from both the companies.

(B) No need for the employer to include the same in the FORM 16 issued by him.

Message likes : 1 times

CA IRSHAD KHUDKHUDIYA

CA IRSHAD KHUDKHUDIYA (Querist)

08 August 2011 THANK U VERY MUCH SIR !!!

CA IRSHAD KHUDKHUDIYA

CA IRSHAD KHUDKHUDIYA (Querist)

08 August 2011 DEAR SIR,

WHETHER COMPANY IS LIABLE TO ISSUE FORM 16 TO ALL EMPLOYEES WHETHER TDS IS DEDUCTED OR NOT ?

PLS. CLARIFY. IT'S URGENT !!!

THANKS IN ADVANCE.

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