CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 23 May 2012
IF TDS IS DEDUCTED THEN FORM 16 WILL BE ISSUED BY THE BANK FROM WHERE HE IS RECEIVING PENSION AFTER DEDUCTING TDS.
CA Tushar Lakhanpal
(CA)
(416 Points)
Replied 23 May 2012
yup. form 16 can be recd. from the bank in which such pension is recd.
gbalakrishnan
(owner)
(1373 Points)
Replied 23 May 2012
yes, bank shd take form 16 from you, they may have forgotton, now give form 16 to bank. if already deducted you have to file return , yes meet the PRO of your relevant I T O/ A O please friend
Annu.R
(CA,CS,B.Com)
(2788 Points)
Replied 23 May 2012
Please read the sub para 5 of Para 8 of CBDT issued by the Govt in May 2011 for better clearity.Their PDA (Bank or trasery) is responsible to deduct the TDS is liable otherwise their (pensioner's) investments/expenses can easly cover the the same it is not a big ammonut ............