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Form 16 - Employee Issues


satyamaditya
Dear Sir,
One of our employee resign on 30.11.2010 & his all investment after 30.11.2010 if we issue FORM 16 on 30.11.2010 can we consider his investment or not.
If we issue FORM 16 after 31.03.2011 can we consider his investment or not.
What is FORM 16 Period Date 01.04.2010 to 30.11.2010 or 01.04.2010 to 31.03.2011
Please explain me with reason.
Thanks in advance for your corporation
From India, Delhi
boss2966
1168
Dear Satyamaditya
The period of Form 16 is only the Financial year and not the break up period.
As a matter of fact his investment should be considered.
If he did not invested obviously he will pay the remaining tax amount with penalty.
With warm regards
S. Bhaskar
9099024667
From India, Kumbakonam
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India, Delhi
04 January 2011 10.24.51 AM
Views: 1653 Replies: 1 Appreciations: 0
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