Gaurav Kashyap
Finance Executive
+3 Others

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Please tell me that I want to issue Form 16 for toal salay of 130000/- for F.y. 2009-10, it is required E-TDS Acknowledge No. ?????
Dear Sanjay,
As there is no tds liability on salary of Rs. 130000/ p.a there is no need to file salary return. If any of your employee has taxable salary income i.e of more than Rs. 160000/ & u have deducted tax on that, then only u have to file salary return. Otherwise there is no need to file the return & just issue form 16 without acknowledge number.

Just want to make you notice that it is mandatory that a person having PAN Number should file ITR whether his/her salary is below Rs 1,60,000/- and Rs 1,90,000/- respectively (mentioning NIL tax in the ITR form). It is useful for future needs. Acknowledgment number is not required.

Dear Mr. Gaurav,
U say that if a person having PAN then there will be compulsory for it to file return whether his income below the exemption limit. I want to say u that there will be no such requirement if the assesse has the income above exemption limit then he has to file return. Yes for future beneficial if he want to file then he can file but not compulsory.

Mr Sanjeev,
Thanx for your kind reply but, it is always good to take decisions on time rather getting indulge in Govt issues in future.
And Mr Sanjay, kindly file your Return timely and on regular basis.

return is not linked with PAN card.
actually there is no need to file return if Income is below exemption limit,
but one should file because he may require loan in future, then he ought to possess ROI.

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