Form 16AA

TDS 2754 views 2 replies

Cost & Management Accountant

71609 Points Joined September 2008

What is the Purpose of Form 16AA ?

Replies (2)

Manager (F & A)

2025 Points Joined December 2008

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

sunil

Guest

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;

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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