Form 16
Suresh. S
(Querist) 11 September 2012
This query is : Open
Hi all,
A salary certificate for Rs. 25000/- per month was issued to me by my company.
Inspite of myself crossing the tax limit, they are not deducting any tax and
also the company mentions that since no TAN is taken they cannot issue. but
TAN number can be done in 24 days. The company is two years old now. Also
the company when asked for Form 16, they told me to work as consultant which
cannot be since salary is received and salary certificate has been issued
by company. Moreover they are evading tax and the company is supposed to
deduct tax for such income. Even as consultant, they have not deducted
tax this month (August) over 30,000.
Moreover i have to submit Form 16 to IT department too. The company is
supposed to deduct and pay to Govt quarterly and not doing so.
The Income Tax department has recently started checking on companies
that disallow TDS and Form 16 to employees where these employees are actually
salaried person and the company disguising these employees as consultants.
The IT department is serious on this issue and till now I have not received
any mail with regarding to section 146(i) from the IT department and I do not
understand what this section means.
Now for the company to comply to guidelines and to make it better, i need
suggestions based on the above facts to get Form 16. I was thinking of
putting forward a letter to IT department for their help in this regard. IF i do
put a letter, will it affect my job as company will come to know of it or
can the IT department itself can query on the company to pay tax and issue me
Form 16? I had filed ITR returns, but for home loans most banks ask Form 16. Can you help me on this matter? How to make company comply to issue Form 16 to me?
Thanks, all
Suresh. S
