One of the employee who was transfered to another Division of the Company whose pay details while forwarding to that Division, an amount of Rs.50,000/- payment made to him as Leave encashment as well as Rs.10,000/- TDS deducted not mentioned in that, resulted in Form -16 issued by that Divsion with incorrect picture. Now the employee on getting IT Notice from the IT Department asking to revise the FORM -16. FORM-16 was not issued from my Station as he was transferred by the middle of the year and it was issued by the counterpart at Kolkatta Divison. Though the LPC issued was wrong from my station, susbeqnetly it was intimataed to the Kolkatta Dvision about this, revised FORM-16 has to be issued by them or not? They were pointing out that it was mistake on our part and hence this we have to settle. Rs.10,000/- deducted from the X employee, the IT return was filed correctly and the same was reflcted in the 26AS of the individual. The individual was asking for a revised FORM -16. Who will be issuing this?Is not the Form-16 who issued has to revise or not? What is our role in that?
CAclubindia
