Use of Form No. 16 for pensioners--Regarding

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Full Text of the Document

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.... been drawn to certain difficulties being faced by pensioners drawing their pensions through the banks where the tax deduction at source certificate in the prescribed Form No. 16 is sometime denied to them on the ground that no employee-employer relationship exists between the banks and the pensioner. At times, objections have also been raised by the banks on the premise that Form No. 16 relates t....