Table of Contents
Is Form 16 mandatory for ITR filing?
Form 16 is an important document for salaried employees to file their annual ITR. However, salaried employees can file their returns even without a Form 16.
Who is eligible for Form 16A?
Any salaried person whose tax has been deducted by the employer at source, is eligible to get Form 16. Irrespective of the fact whether your income falls under the tax exemption limit or not, the employer must issue a Form 16 if s/he has deducted tax at source.
Which ITR is applicable for Form 16A?
In your case you since your emplyer has issued form no. 16 A, it means that he has this payment other than salary in his books. Hence in your case ITR-4 is applicable for filing the return.
Is Form 16A mandatory?
Form 16/ 16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. It is mandatory to issue these certificates to Tax Payers.
What is the difference between Form 16 and Form 16A?
While Form 16 is for only salary income, Form 16A is applicable for TDS on Income Other than Salary. For example, a Form 16A shall be issued to you – when a bank deducts TDS on your interest income from fixed deposits, for TDS deducted on insurance commission, for TDS deducted on your rent receipts.
When can I fill Form 16A?
When is Form 16A Required? When you file your Income Tax returns for a year with the Income Tax department, and you have Income from other sources apart from your salary that have the tax deducted at source (TDS), then Form 16A is required.
What is Form 16 and 16A?
Form 16/ 16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. These certificates provide details of TDS / TCS for various transactions between deductor and deductee. It is mandatory to issue these certificates to Tax Payers.
How to file ITR using form 16/16A and form 26as?
Form16, Form 16A (if you have income from other sources) and Form 26AS documents will come handy while filing your ITR. As discussed above, you have most of the details in your form 16 with which you can easily file your Tax Returns. Cross check your Form 16/16A TDS amounts with Form 26AS and then key in TDS details in ITR accordingly.
What is the difference between form 16 and 16A?
Form 16 is issued by the employer to certify the income tax deducted at source on the salary of their employees and deposited with the Income Tax Department. On the other hand, Form 16A is issued to certify the TDS deducted from the individual’s non-salary income.
Is form 16 mandatory for filing income tax returns?
Form 16 is one of the most important documents for filing your Income Tax Returns, as it contains most of the details required for filing your returns. Whether Form 16 is mandatory or not, is a common query that you may have thought about. Here’s a brief lowdown to help you understand if there are alternatives to the same.
Is form 16/16A required if TDS has not been deducted?
Ans. Form 16A is not for the employees , Form 16 is. However, Form 16A is not required to be issued if TDS has not been deducted. Q – In the absence of the Form 16/16A, where can I fill-in the TDS details in the Income Tax Return form ITR-2 based on the 26AS statement?