Use of Form No. 16 for pensioners--Regarding

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Full Text of the Document

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....sioners 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 to deductions from salaries and not from pensions. In o....