Hi friends,
I have a few doubts about the TDS issue. Could somebody please help me clarify the points below:
- My colleague wants Form 16 to file the Income Tax Return, but his TDS was not deducted as his salary was not taxable. So, is it possible to get Form 16 without paying TDS?
- If TDS is not deducted, can the individual still file the Income Tax return without having Form 16?
- What is the deadline for filing the Income Tax return?
Regards
From India, New Delhi
I have a few doubts about the TDS issue. Could somebody please help me clarify the points below:
- My colleague wants Form 16 to file the Income Tax Return, but his TDS was not deducted as his salary was not taxable. So, is it possible to get Form 16 without paying TDS?
- If TDS is not deducted, can the individual still file the Income Tax return without having Form 16?
- What is the deadline for filing the Income Tax return?
Regards
From India, New Delhi
It is not necessary to issue Form 16 when TDS is not deducted, and the employee is not going to file their returns. Returns are filed mainly to get a refund of any amount deducted in excess in the form of TDS.
Regards
From India, Hubli
Regards
From India, Hubli
Form 16 is both for taxable or non-taxable salaried persons. One should get it irrespective of tax paying status. Pon
From India, Lucknow
From India, Lucknow
Yes, Form 16 shall be given whether the salary was taxable or not. For an employer, it is appropriate to submit the details of the salary of all employees, whether their salary is taxable or not, through the eTDS return. It is quite convincing to issue a document to employees which they can use for return filing purposes.
From India, Jaipur
From India, Jaipur
"Every person deducting tax at source is required as per Section 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 on the deductor's own stationery.
However, there is no obligation to issue a TDS certificate
There is no obligation to issue a TDS certificate in cases where tax at source is not deducted or deductible by virtue of claims of exemptions or deductions from the Tax Payers Information series 35, "TDS on Salaries" by the Directorate of Income Tax.
Regards,
Nilesh Patel
From India, Vadodara
However, there is no obligation to issue a TDS certificate
There is no obligation to issue a TDS certificate in cases where tax at source is not deducted or deductible by virtue of claims of exemptions or deductions from the Tax Payers Information series 35, "TDS on Salaries" by the Directorate of Income Tax.
Regards,
Nilesh Patel
From India, Vadodara
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