I have few doubts about TDS issue, please could somebody let me clear below points:
- my one of colleague wants Form 16 for flling the I-Tax Return, but his TDS is not deducted as per his salary was not taxable.
So is that possible get Form 16 without paying tds?
- if TDS is not deducted then particular person can fill the I-Tax return & without having Form 16?
- Till when we can file the I-Tax return?
203 to furnish a certificate to the payee to the effect that tax has
been deducted along with certain other particulars. This certificate
is usually called the TDS certificate. Even the banks deducting tax
at the time of payment of pension are required to issue such
certificates. In case of employees receiving salary income including
pension, the certificate has to be issued in form No.16. The certificate
is to be issued in the deductor’s own stationery. [U]However, there is
no obligation to issue TDS certificate in case of tax at source is not
deducted /deductible by virtue of claims of exemptions/ deductions"
from Tax Payers Information series 35, "TDS on Salaries" by Directorate of Income Tax
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