Form 16
This query is : Resolved
19 May 2012
Is it necessary to issue FORM NO 16 To a salaried person whose salary is Below income tax limit? If no then which document he/she has to produce while applying for a vehicle loan or any other loan.
21 May 2012
Dear All
Form 16 is issued for TDS amount deducted from the Salary and remitted to I T Dept . If no TDS is deducted the institution need not issue the form 16.
For obtaining the vehicle Loan one has to produce the Salary Certificate or Pay Slip for 3 months preceding to the loan applied.
If the salary is paid through Bank account the individual can obtain the statement from the Bank and submitted the same to the Processing authorities.
A Venkattaraman
AGM - HR
Chettinad Healthcity
Form 16 is issued for TDS amount deducted from the Salary and remitted to I T Dept . If no TDS is deducted the institution need not issue the form 16.
For obtaining the vehicle Loan one has to produce the Salary Certificate or Pay Slip for 3 months preceding to the loan applied.
If the salary is paid through Bank account the individual can obtain the statement from the Bank and submitted the same to the Processing authorities.
A Venkattaraman
AGM - HR
Chettinad Healthcity
21 May 2012
Agree with Expert & Employer can issue Form 16AA if TDS has not been deducted by employer
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
