If Tds is not deducted because employee has submitted investment now my query is 1) how to issue form 16? 2) if there is no need to issue form 16 then how to prepare salary certificate which contains investment details of employee
HI,
you can issue form no. 16 stating nil TDS and show all his investments details in applicable section and then issue him the said certificate, however as no tds has been deducted by you as stated above it is not compulsory to issue the same, however if employee demands it for filing his IT Return then issue it to him.
In case of any help on the same do mail me else contact me.
What if salary details of one employee not submitted while filing TDS return by mistake and employee asks for FORM 16. Can it be issued or need send the details by filing revised TDS return?
Hi everybody
form 16 is in two parts i.e. Part a ^& part b
part a is generated from tds site only.this you can not generate. This will be generated only in case the tax deducted from salary and paid to govt.
By way of declaration his salary has is not taxable
then you will have to issue the part b which is salary calculation and mandetory it should be issued.
Please see the site and get the format of part b
and do the needful
ramakant
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