Requirement of Form 16
This query is : Resolved
Guest
Guest
(Querist)
12 June 2008
If some one have an income of Rs. 2 lac in FY 07-08 (AY 08-09)from Salary. After making required investments as per IT Act his Income fall under 1.50 lac.
FOR FILING RETURN:-
Form 16 is required?
or
Salary certificate is enough !
OR
Self declaration
pls advise
Rajesh goyal
FOR FILING RETURN:-
Form 16 is required?
or
Salary certificate is enough !
OR
Self declaration
pls advise
Rajesh goyal
AMIT DOSHI
(Expert)
12 June 2008
form 16 is reqd since salary is more than basic margin of exemption limit which is rs 1.10 lac for men and Rs 1.45 lacs for women assessee below 65 yrs
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