Form 16

TDS Certificates – Detailed Discussion

Income Tax - As we all are aware that the TDS return process will consider as incomplete until the Valid TDS certificate has been issued by the deductor. Now if we focus on the word Valid TDS Certificate, it means Form 16/ Form 16A issued by authenticated authority. As on the current date the TRACES have the authorisation […]...

Read More

Basic Components of Salary and its Taxation

Income Tax - CTC is cost to company and the components are Basic +HRA +Conveyance +Mobile/Telephone Expense Reimbursement +Medical Reimbursement +All allowances +Leave Travel Allowance (LTA)....

Read More

How to Download Form 16 Part A from TDS CPC website

Income Tax - As we all know that when we file TDS return of salary i.e. Form 24Q, we are always have a confusion as to now how to get Form 16 (Part A and Part B) both together? How we can apply for the same? Hence today I am covering this so that enlighten you all with […]...

Read More

Download Lighter Form 16A Traces PDF Converter

Income Tax - New utility for generation of Form 16A in pdf format provided by https://www.tdscpc.gov.in is very light and is sized only 8.43 MB while earlier utility was sized 58.04 MB....

Read More

Section 192 TDS on Salary- Brief

Income Tax - What is section 192? Section 192 provides that any person responsible for paying any income chargeable under the head salaries is required to deduct tax on the amount payable. Download Format of Form 16 in Word Format Who deduct TDS? A payment can be categorised as ‘salary’ only if it arises out of ‘employer-employee’ re...

Read More

The fastest way to generate Form 16 is here!

Income Tax - H&R Block, the India’s largest individual tax services company, offers you the first of its kind Form 16 generation tool, which allows you to generate and distribute form 16 in a flash!...

Read More

Automatic Excel Utility with individual Salary sheet + form 16 + 12BA for A.Y. 2013-14

Income Tax - This utility can be used for Government and Non Government Employees. Utility Automatically Prepares for 16, Form 12BA, Calculates TDS deductible, HRA Exemption , Deduction Under Chapter VIA etc.Utility is for Assessment year 2013-14 or Financial Year 2012-13 and can be used for upto 50 Employees. ...

Read More

Automatic Form 16 with 12BA for F.Y. 2012-13 & A.Y. 2013-14

Income Tax - Automatic Form 16 with 12BA for Financial Year 2012-13 & Assessment Year 2013-14 in Excel Format Download Automatic Form 16 Utility...

Read More

Download Form-16 with 24Q + 26Q (Annual Return) in Excel Format

Income Tax - Automated Form 16 Preparation Software which can prepare at Form 16 of 50 Employees from the details of 24Q Annual Return Form. Master Form-16 New Financial Year 2012-13 / Assessment Year 2013-14 Master Form-16 New Financial Year 2011-12 / Assessment Year 2012-13 ...

Read More

Form 16 Excel Utility for F.Y. 2012-13

Income Tax - This Excel utility is fully automated. Just put the data in Data input sheet and it will prepare the Form-16 automatically. User can also take printout of Form 16 prepared through this utility. Format if form 16 is latest and applicable from A.Y. 2013-14 and F.Y. 2012-13....

Read More

Mere discrepancy in Form 26AS & 16 not amounts to concealment

Chalapati Katiki Vs ITO (ITAT Hyderabad) - Taking into account the amount mentioned in Form 26AS it could not be said that the assessee had concealed amount or furnished inaccurate particulars of income. However, penalty was restricted to the tax sought to be evaded on the amount of commission income not disclosed by assessee....

Read More

TDS credit cannot be denied for non matching with 26AS if Assessee produces TDS Certificate

Sumit Devendra Rajani Vs ACIT (Gujarat High Court) - The grievance which is voiced in the present petition by the assessee is that though deductor ­employer ­ Amar Remedies Limited had deducted TDS for total Rs.5,86,606/­ and for which Form 16 A has been issued by it, department has not given credit of the said TDS to the petitioner­ assessee...

Read More

Revised procedure for issue of Part B of TDS certificate in Form No. 16

Notification No. 09/2019-Income Tax - (06/05/2019) - Procedure, format and standards for issuance of certificate for tax deducted at source in Part B of Form No. 16 in accordance with the provisions of section 203 of the Income-tax Act, 1961 read with the Rule 31 of the Income-tax Rules, 1962 through TRACES- reg....

Read More

CBDT notifies detailed format of Salary Certificate | Form No. 16 | Form No. 24Q

[Notification No. 36/2019-Income Tax [G.S.R. 304(E)] - (12/04/2019) - CBDT notifies detailed format of Salary Certificate | Form No. 16 | Form No. 24Q vide [Notification No. 36/2019/ G.S.R. 304(E) dated 12/04/2019. (A) in Form No. 16,–(i) the Notes occurring after Part A shall be omitted;(ii) for Part B (Annexure), the following shall be substituted, namely:–...

Read More

Instruction for Processing of ITR-2, 3, 4, 5 & 6 with Form 26AS / 16A / 16

Instruction No. 10/2017 - (15/11/2017) - Total income or loss shall be computed after making adjustment for addition of income appearing in Form 26AS or Form 16A or Form 16 (the three Forms) which has not been included in computing the total income in the return....

Read More

Due date to furnish form 16 (Salary Certificate) extended to 15th June

Notification No. 42/2017 [G.S.R 546(E)] - (02/06/2017) - Due date of furnishing Annually Form 16 (Salary Certificate) is extended from 31st day of May of the financial year immediately following the financial year in which the income was paid and tax deducted to 15th day of June....

Read More

Part A of Form 16 to be generated from TRACES portal & Part B Manually

Circular No. 4/2013-Income Tax - (17/04/2013) - CIRCULAR NO. 4/2013-Income Tax The deductor, issuing the Part A of Form No. 16 by downloading it from the TRACES Portal, shall, before issuing to the deductee authenticate the correctness of contents mentioned therein and verify the same either by using manual signature or by using digital signatur...

Read More

Recent Posts in "Form 16"

TDS Certificates – Detailed Discussion

As we all are aware that the TDS return process will consider as incomplete until the Valid TDS certificate has been issued by the deductor. Now if we focus on the word Valid TDS Certificate, it means Form 16/ Form 16A issued by authenticated authority. As on the current date the TRACES have the authorisation […]...

Read More
Posted Under: Income Tax | ,

Basic Components of Salary and its Taxation

CTC is cost to company and the components are Basic +HRA +Conveyance +Mobile/Telephone Expense Reimbursement +Medical Reimbursement +All allowances +Leave Travel Allowance (LTA)....

Read More
Posted Under: Income Tax |

How to Download Form 16 Part A from TDS CPC website

As we all know that when we file TDS return of salary i.e. Form 24Q, we are always have a confusion as to now how to get Form 16 (Part A and Part B) both together? How we can apply for the same? Hence today I am covering this so that enlighten you all with […]...

Read More
Posted Under: Income Tax |

Income Tax Calculator with Form-16 & salary Statement for A.Y-2020-21

Latest Income Tax Calculator with Form-16 and salary Statement (3 in 1) for A.Y-2020-21 in Excel format. In the view of currently corona virus pandemic government has extended the due dates of various returns including TDS return up to 30 June 2020 So the date to issue Form-16 by the employer has also defer. Due […]...

Read More
Posted Under: Income Tax |

Download Lighter Form 16A Traces PDF Converter

New utility for generation of Form 16A in pdf format provided by https://www.tdscpc.gov.in is very light and is sized only 8.43 MB while earlier utility was sized 58.04 MB....

Read More
Posted Under: Income Tax |

Section 192 TDS on Salary- Brief

What is section 192? Section 192 provides that any person responsible for paying any income chargeable under the head salaries is required to deduct tax on the amount payable. Download Format of Form 16 in Word Format Who deduct TDS? A payment can be categorised as ‘salary’ only if it arises out of ‘employer-employee’ re...

Read More
Posted Under: Income Tax |

How to convert Form 16/16A text file (zip file) to Form 16/16A PDF File

1) Extract Zip file containing TDS certificate data in text form by using WinZip version 9.0 and above, WinRaR version 3.90 and above and 7-Zip version 4.65 and above. 2) Extract zip file by providing the TAN registration number. 3) Open the PDF converter utility by double clicking the file PDF Converter Utility.bat ...

Read More
Posted Under: Income Tax | ,

How to Download TRACES PDF Utility & convert text file into PDF

Article explains How to Download TRACES PDF Generation Utility, Procedure to install TRACES PDF Generation Utility and Procedure to convert text file into PDF. Article also provides link from where such Utilities can be downloaded. Article explains how TRACES PDF Generation Utility should be used to convert text file for Form 16 / 16A int...

Read More
Posted Under: Income Tax | ,

Notice u/s 143(1) for any deduction/allowance in ITR which was not considered in Form 16/16A

This amendment is going to hit hard for those Income Tax Assessee’s (Majorly Salaried Employees) who used to make manipulative claims of allowances (LTA, medical, HRA etc) or deductions (Section 80C, 80D) in Return of Income and claims refund of TDS deducted from Salary....

Read More
Posted Under: Income Tax |

Mere discrepancy in Form 26AS & 16 not amounts to concealment

Chalapati Katiki Vs ITO (ITAT Hyderabad)

Taking into account the amount mentioned in Form 26AS it could not be said that the assessee had concealed amount or furnished inaccurate particulars of income. However, penalty was restricted to the tax sought to be evaded on the amount of commission income not disclosed by assessee....

Read More

Browse All Categories

CA, CS, CMA (4,872)
Company Law (6,366)
Custom Duty (7,864)
DGFT (4,271)
Excise Duty (4,380)
Fema / RBI (4,297)
Finance (4,538)
Income Tax (33,940)
SEBI (3,601)
Service Tax (3,578)

Search Posts by Date

August 2020
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31