Hi
I have a sole proprietorship business. I have 18 employees and we take web design projects from other countries. I pay salaries by cash or some times transfer from my personal account.
An employee who draws a salary of 23,500 has to fill income tax return. He also wants to leave the company and his new company wants his form 16 and salary slip. I dont have TAN no. So, can I issue give him form-16 ans salary slip.
He has insurances and house rent and also study loan so basically he will not be paying any tax but he just need to file the return. So please guide me how can I issue him form-16 and salary slip. Also, if I aplly for TAN no. now than can I give him form-16. He needs it to submit in new comapany and also salary slip is required.
Please guide me How to sort it out.
CAclubindia
