Monday, August 22, 2016

How to Get the Form 16A?

How to Get the Form 16A?

This document is generally issued by your deductor, this is issued for the present financial year and reflects the total earnings and total income taxes deducted for that financial year from other sources income apart from your salary. To get the Form 16A, you could download the Form from the online website of the Income Tax Department. The form is available on their website in a PDF format and a fillable form as well.

When is Form 16A Required?

When you file your Income Tax returns for a year with the Income Tax department, and you have Income from other sources apart from your salary that have the tax deducted at source (TDS), the Form 16A is required. Most banks and financial institutions use this document as a part of their verification process when you apply for a loan or any kind, be it a housing loan, consumer loan, vehicle loan, personal loan etc.

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