TDS on salaries: new Form 16AA allows limited income resident salaried taxpayers to file return and obtain employer certificate. The amendment adds a proviso allowing a resident individual whose total income comprises only salary and whose salary before section 16 deductions falls within a prescribed limited amount, and who has no other income subject to TDS by persons other than the employer, to elect to file the return in Form No. 16AA. A parallel proviso requires that the certificate of tax deduction in such cases be issued in Form No. 16AA; the form is inserted in Appendix II and combines the TDS certificate with the return, capturing salary particulars, deductions, tax computation and verification.
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Provisions expressly mentioned in the judgment/order text.
TDS on salaries: new Form 16AA allows limited income resident salaried taxpayers to file return and obtain employer certificate.
The amendment adds a proviso allowing a resident individual whose total income comprises only salary and whose salary before section 16 deductions falls within a prescribed limited amount, and who has no other income subject to TDS by persons other than the employer, to elect to file the return in Form No. 16AA. A parallel proviso requires that the certificate of tax deduction in such cases be issued in Form No. 16AA; the form is inserted in Appendix II and combines the TDS certificate with the return, capturing salary particulars, deductions, tax computation and verification.
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