The
CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break
up of the Tax-Exempt Allowances paid to the employee and also of all tax breaks
claimed by them. In the previous format allowed the companies to give
consolidated figures or break-up in different formats for both, thereby leaving
some ambiguity regarding their individual composition.
Showing posts with label New Format of Income Tax Form 16 for A.Y. 2020-21. Show all posts
Showing posts with label New Format of Income Tax Form 16 for A.Y. 2020-21. Show all posts
Thursday 13 February 2020
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