Queries

Viviyan, Tamilnadu I am working in a small-scale company, there are no deductions, my annual income is Rs2.4 lakh. I need a home loan. They are asking for Form 16. Kindly suggest. Form 16 is equivalent to TDS certificate (now issued from Online downloaded file) in case of TDS deducted from Salary. But presuming that no TDS was deducted by your employer he is not legally bound to issue you Form 16. However, he can help you by issuing manual Form 16 with NIL Tax Deduction. To get Home Loan alternative, you can submit Income Tax Returns (ITR) of previous years. We here presume that you have not filed any ITR for previous years. So you can file ITR for FY 2017-18 before March 31, 2019 and for FY 2018-19 you can file second ITR after April 2019. CA Abhishek Raja, Founder and Promoter, GST Panacea   Mahesh, Latur Sir, PMS fund `25 lakh investment is it better? Compare to shares and...