21 July 2011
Dear Sir, I am filling my Income Tax Return regularly from last 3 years. My annual salary is under Tax Limit. I have submitted my Form - 16 duly signed by my employer. Now my problem is that, is it necessary to file my Nil TDS Return or not? My Form - 16 will be valid or not, if i borrow a home loan?
21 July 2011
Nil TDS return & Form 16 both not have any relationship. you can get form 16 and file the return, no need to worry about TDS return. your form 16 is valid only.
You can apply for home loan based on form16 issued by the employer