Frequently Asked Questions (FAQ) on Form 16/16A
What is Form 16 / 16A? It is the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B of IT Act. Form 16 is issued… Read more »
Tag: form 16
Steps for requesting Form 16
The procedure for requesting Form 16 from TRACES website has been given below: From FY:18-19 onwards, the Income Tax department is now providing both Part A and Part B of… Read more »
Different matching statuses in Form 16 / Form 16A
Following are different matching statuses in Form 16 / Form 16A: U – Unmatched (Deductor has not deposited taxes or has furnished incorrect particulars of tax payment. Final credit will… Read more »
Where would deduction u/s 80CCD(1B) appear in Form 16 Part B ?
With effect from FY:2015-16, for investment in NPS, taxpayers can avail additional exemption of up to Rs. 50,000 as per Section 80CCD(1B) while computing the taxable income. This deduction is… Read more »
How to view your Form 26AS?
Form 26AS can be downloaded from TRACES using the following steps: First go to www.incometaxindiaefiling.gov.in Enter your Login Id (PAN), Password, Date of Birth (or year of incorporation) and the… Read more »
What is Form 26AS?
Form 26AS is the acknowledgement of receipt of Tax Deducted at Source (TDS), It shows the deducted amount which is the credit available against the Income Tax liability of the… Read more »