Can we issue form 16s

Page no : 2

CA Rashmi Gandhi (Chartered Accountant) (86275 Points)
Replied 26 June 2022

Okk then wait till Tuesday

1 Like

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 26 June 2022

👍🏻👍🏻🍵

5 Like

CA Rashmi Gandhi (Chartered Accountant) (86275 Points)
Replied 26 June 2022

Hope for the best

1 Like

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 26 June 2022

First issuing form 16 is urgent. Demand may be rectified later

5 Like

CA Rashmi Gandhi (Chartered Accountant) (86275 Points)
Replied 26 June 2022

But until and unless demand reduced to zero you will not generate form 16 (only if there is challan error)

1 Like

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 26 June 2022

Salary is matching, Tds is matching both in Part A and Part B and employees are forcing to issue form 16s. So there is no other way

4 Like

CA Rashmi Gandhi (Chartered Accountant) (86275 Points)
Replied 26 June 2022

Issue but this is of no use. ....

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 27 June 2022

Correction is already submitted

5 Like

CA Rashmi Gandhi (Chartered Accountant) (86275 Points)
Replied 27 June 2022

Even though Form 16 show nil status, until and unless correction statement get processed, you can't issue Form 16

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 27 June 2022

We have already downloaded form 16's for regular statement

7 Like

CA Rashmi Gandhi (Chartered Accountant) (86275 Points)
Replied 28 June 2022

Whether it is showing amount of TDS????

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 28 June 2022

Yes. Tds is reflecting and it is appearing 26AS of employees

5 Like

sabyasachi mukherjee (26167 Points)
Replied 28 June 2022

IF YOU ARE RESPONSIBLE TO ISSUE FORM 16 , ITS YOUR RESPONSIBILITY. NOTICE HAS BEEN ISSUED TO THE ASSESSE.

CA Rashmi Gandhi (Chartered Accountant) (86275 Points)
Replied 28 June 2022

So your demand was not related to challan, you have made some other mistake in your TDS return

CA CMA Sagar Jaiswal (Finance professional) (665 Points)
Replied 28 June 2022

Download justification report from your login under traces and check the reasons whether it is of PAN error, short deduction or interest on late deposit etc.

If you are confident that these error are under control and doesn't affect individual employee tax liability then go and distribute the form 16 part A and part B to employees.

If error are in some few employees then distribute form 16 of remaining employees.