Form 16AA

TDS 2754 views 2 replies

 

What is the Purpose of Form 16AA ?

Replies (2)

Dear Mr. CMA.Ramesh Krishnan

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

sunil

 

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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