Thread Started by #sidbasak29

Hello , Can any one provide me the INDEMNITY BOND format for Form-16.... I’m unable to find it online. It’s URGENT, please help me out asap.... Thanks
29th June 2010 From India
Hi,
You are not very clear. If your talking about the form 16 to be issued under the IT act, then there is nothing called as an indemnity bond for that.
Issue of form 16 is the responsibility of every employer for every person who is under the tax bracket whom the employer has engaged.
It would be unfair on the part of any employer to ask for an indemnity bond for form 16.
If you are trying to make a recovery from one of the ex- employees or those who are on the verge of leaving, then it has to be handled in a different manner. But issue of form 16 against an indemnity for such purposes will not be valid.
kind regards
Dayanand L Guddin
2nd September 2011 From Singapore, Singapore
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™