TaxTMI 
TaxTMI 
Sir
One of my friend his office deducted TDS he is working under contract basis his income is more than 1,50,000 company issued FORM 16A has he submit the return on 31st july or not required
kindly give me the details
JAYAKUMAR
TDS deducted Return not filing
06 Aug 2014 
1 Reply 
1249 Views Asked by
Guest 
Taxable income threshold determines whether a person with TDS deducted must file an income tax return.
TDS deducted from a contractor does not automatically require filing if the individual's taxable income is below the statutory exemption for the year; employers ordinarily do not deduct TDS where taxable income falls within the non-taxable band. Employees receive Form 16 for salary-related TDS rather than Form 16A, and tax-saving investments can alter taxable income, so further details are needed to determine filing obligation. (AI Summary)
TDS deducted from a contractor does not automatically require filing if the individual's taxable income is below the statutory exemption for the year; employers ordinarily do not deduct TDS where taxable income falls within the non-taxable band. Employees receive Form 16 for salary-related TDS rather than Form 16A, and tax-saving investments can alter taxable income, so further details are needed to determine filing obligation. (AI Summary)