regarding form 16

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 September 2010 HELP HELP it is very argernt for me
An employer issued form 16 to employee on 22-04-2010 but later on it was noticed that the form 16 was issued inadverently because the tax was calculated incorret and tax liability amounting to rs 26500 was also found recoverable from that employee . As such he revised the form 16 and the tax liability deposited along with interest @1% per month on behalf of employee and revised form 16 issued by employer . Is the action of the employer revising the form 16 is correct or not.?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 September 2010 yes. mistake was corrected and form 16 also amended is correct, it will avoid penalty for your employer

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Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2010 thanks sir

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