J YAMINI (Student) (57 Points)
26 September 2015Sir / Madam,
To my friend, her salary is below the tax exemption limit. So no TDS will be deducted. But for getting loans etc.. for the purpose of authentication of salary received, form 16 is been asked. Payslip is not accetped. Is there any remedy.
Thank You.
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 26 September 2015
You can ask for Form-16 from the employer.. he will give in manual format with signed thereon.
Ragards
Piyush Tanwar
Mobile - 9717468521
Email - capiyushtanwar91 @ gmail.com
J YAMINI
(Student)
(57 Points)
Replied 26 September 2015
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 26 September 2015
No, if you dont have taxable income.. then the employer can issue form-16 in manual format with stamp and sign
Miss Rinkal
(Student)
(1304 Points)
Replied 26 September 2015
Get her return filed. In that case, loans can be availed based on the income tax return filed
manish jain
(sr associate)
(63 Points)
Replied 26 September 2015
There are two ways:
1. Get the salary certificate from your employer which stated that you have earned xxxx amount for the financial year xxxxxx
2. Filed income tax return and provide the copy of the return to the bankers
Regards
Manish Jain
Email: manishjaincfa @ gmail.com
pvvittal
(partner)
(77 Points)
Replied 27 September 2015
JAGANATHAN R ACMA, SAP(Fi-Co)
(Manager Accounts and Finance)
(915 Points)
Replied 27 September 2015
if you are planning to get loan you have to get form 16 from employer and file the IT return as NIL .,
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 27 September 2015
Yes you should get a form 16
CAclubindia
