Dear Members,
I would like to know the diffrence between Form 16 and Form 16A..I would b thankful to evryone who vill give me a complete knowledge of this.
Regards
Pooja Amin.
CA Deepak Joshi
(TaxTalk)
(178 Points)
Replied 26 May 2011
Hi pooja....
Form 16- when Tax is deducted at source from salary income, the employer issues form 16. This is nothing but a certificate showing that your tax has been deducted and deposited with the govt.
Form 16 A- when Tax is deducted at source from incomes other than salary, the person deducting the tax issues form 16A. Generally in transactions of FD int recd, Rent income, Commission income, ....etc.This is nothing but a certificate showing that your tax has been deducted and deposited with the govt.
Thus Basic diff is as follows:
FORM 16
Applicable on- Salary Income
Section of TDS- 192
FORM 16A
Applicable on- Income other than salary
Section of TDS- 194,194C,194I,194J, etc...(other than 194)
hoping that it clears ur doubt...
CA NITUL MEHTA
(KPMG-Senior Consultant-International Tax )
(236 Points)
Replied 26 May 2011
AND FURTHER FORM 16 I ISSUED ONCE IN A YEAR THAT IS BEFORE 31 MAY FROM END OF THE FIN YEAR THAT IS FOR F Y 2010-11 BEFORE 31MAY 2011. AND FORM 16A IS GIVEN WITHIN 15 DAYS OF SUBMITTING E TDS RETURN FOR THE QUARTER.
DEEPAK HAS WRONGLY WRITTEN IN BRAKETS AS 194 IT IS 192 ACTUALLY. SO DONT GET CONFUSED.
CA Deepak Joshi
(TaxTalk)
(178 Points)
Replied 26 May 2011
Yeah...actually it was written in hurry...so instead of 192 i wrote 194....mistake is regretted....thnx fr pointing out..:)
Maneesh Kumar
(B.Com M.Com STUDENT CWA IPCC)
(507 Points)
Replied 26 May 2011
FORM 16
Applicable on- Salary Income
Section of TDS- 192
FORM 16A
Applicable on- Income other than salary
Harpreet
(* * * * * *)
(1670 Points)
Replied 26 May 2011
Gr8 initiative taken by CCI Members. Keep it up all
Pawan Kr. Tomar
(CA)
(169 Points)
Replied 26 May 2011
| Originally posted by : Maneesh Kumar | ||
 |
FORM 16 Applicable on- Salary Income Section of TDS- 192 FORM 16A Applicable on- Income other than salary |
 |
Agreed & grt work
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 26 May 2011
form 16 is applicable in case of tds deduction of salary
form 16a in case of tds deduction in any other case
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 27 May 2011
really true ..Form no 16 for salary.
form no 16 A other than salary.
pooja
(Accounts Executive)
(69 Points)
Replied 27 May 2011
Thank u evryone for clearing out my doubts...:)...Thanks a lot....:)
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