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Income Tax Return Necessary?

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  • August 3, 2016 at 12:11 pm #70462
    unknown
    Participant

    My income below 5 lakhs, I have no refund. DDO not ready my form 16. Is it necessary to submit RETURN?

    August 3, 2016 at 5:11 pm #81749
    unknown
    Participant

    Absolutely necessary. Otherwise Income Tax Dept may initiate according steps as per the relevant provisions of the IT Act. Submit a written application to your DDO for issuing fORM nO 16 and don’t forget to submit your return EVEN IF YOUR TAX REFUND IS NIL etc. EVERY SALARIED PERSON SHOULD SUBMIT IT RETURN IF HE/SHE POSSESSES A PAN irrespective of the fact whether his/her income is taxable or not. THIS IS FOR BEING IN SAFER SIDE. Best of Luck.

    August 9, 2016 at 5:53 pm #81811
    unknown
    Participant

    if no deduction is done as tds, how one can obtain form 16 from the employee? Is it must to have form 16 for e-filing?

    August 10, 2016 at 3:06 am #81814
    unknown
    Participant

    Form 16 consiats of two parts – Part A and Part B. Part A is TDS Certificate. So if there is no TDS of an employee, he will not have the Part A. Part B is the Salary, Savings and Income Tax Details. One must have this part of Form 16.

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