Form 16AA


Cost & Management Accountant

 

What is the Purpose of Form 16AA ?

 
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Manager (F & A)

Dear Mr. CMA.Ramesh Krishnan

Pls find the Attached file which also reveals the purpose of the form

sunil



Attached File : 49 form16aa.pdf downloaded 684 times

Total likes : 2 times

 
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Company Secretary

 

Form 16AA is For an individual, resident in India, where—
 
(a) his total income includes income chargeable to income-tax under the head “Salaries”;
 
(b) the income from salaries before allowing deductions under section 16 of the Income-tax Act, 1961 does not
exceed rupees one lakh fifty thousand;
 
(c) his total income does not include income chargeable to income-tax under the head “Profits and gains of
business or profession” or “Capital gains” or “Agricultural income”; and
 
(d) he is not in receipt of any other income from which tax has been deducted at source by any person other
than the employer
 
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