Types of FORM 16 Form 16A: Form 16A is an income tax document that provides TDS details for income other than salary. For instance, TDS on freelance income, TDS deducted for interest income on FDs from banks, insurance commission, rent, or any other income is reflected in this form. The...
TDS certifications come in Form 16, 16A, 16B, and 16C. The person who made the payment must give the TDS certificates to the person from whom he took the TDS. For example, when TDS gets subtracted from interest on fixed deposits, banks send Form 16A to the depositor. The employer provid...
Like Form 16A, form 16B is also proof of the TDS deduction and deposit for the amount deducted at the sale of the property. Buyer deducts the TDS on sale of property from seller’s account and submits it to the Income-tax department. The seller can ask for an income tax return by s...
In case an individual misplaces their Form16/16A, they can approach the deductor for a duplicate copy. Form 16B Form 16B is the TDS certificate issued against the income earned on the sale or transfer of immovable property. Under Section 194-IA of the Income Tax Act, immovable property ...
Form 16 is a certificate issued by employers to employees giving details of the TDS (tax deducted at source) paid to the government on his/her behalf. For the financial year 2018-19, companies will be issuing this form by June 15. This form is very handy while filing income tax return ...
Forms to avoid TDS,15G, 15Htalks about in detail. 1. Yes if you have worked in each of the company for less than 5 years than TDS would be deducted at the rate of 10% hence they are asking for 15G. So submit Form 15G to each of them along with Form 10C and Form 19 ...
Form 26AS contains all the details of any TDS not only on your salary income but also on other incomes. It is also important to cross check your TDS with the value in the Form 26AS. If there any discrepancies, you will have to contact your deductor. 3. Compute income from any prope...
Bulk Form-16 Generation Software built on Microsoft Excel Generate customised form-16 using MS Excel for free. Organisations can generate digitally signed Form 16. Merge (TRACES Part-A and Part-B along with 12BA and salary Annexure) into a single PDF, digitally sign & distribute. (See sample...
Where TDS has been deducted u/s 194N If income tax is deferred on ESOPPenalty if Miss the Income Tax Return Filing DeadlineAs per revised rules under section 234F of the IT Act from 1st April 2017 notifies that an individual is liable to pay a maximum INR 10,000 penalty after missing...
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