Form 16AA

CMA Ramesh Krishnan (Cost & Management Accountant) (71464 Points)

18 January 2010

What is the Purpose of Form 16AA ?

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Sunil Liladhar Kotak (Manager (F & A)) (2025 Points)
Replied 19 January 2010

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

sunil

Attached File : 49 form16aa.pdf downloaded: 740 times

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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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