Form 16 - for no tds deduction

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Sir / 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.

 

 

Replies (8)

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

Only TRACES form 16 is accepted any where. Is the manual form 16 accepted in this case.?

No, if you dont have taxable income.. then the employer can issue form-16 in manual format with stamp and sign

Get her return filed. In that case, loans can be availed based on the income tax return filed

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

The points are nicely cleared by members. Thank a lot. CA PV VITTAL

if you are planning to get loan you have to get form 16 from employer and file the IT return as NIL ., 

 

Yes you should get a form 16

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