Suppose an employee is drawing salary from an organization 'A' during Q1 & Q2. The TDS return for the corresponding has period has been uploaded. Now the employee transferred to organization 'B' after Q2. Organization 'A' forwarded the salary and TDS details to organization 'B' on the employees' transfer.
Now the question is whether the organization 'A' has to submit Annexure-II in Q4 in respect of the transferred employee and issue Form 16. Or the organization 'B' will submit Annexure-II and issue Form 16 in respect of the entire FY based on the information shared by the organization 'A'.
It may be noted that organization 'A' doesn't have the savings details of the employee and filing Annexure-II without savings may lead to a situation of less deduction of Tax and thus default in TDS filing and demand notice from IT Authority.
The above may be clarified.
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