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What if I dont file FORM 16 (Returns)?

April 26, 2017Business file Finance form India returns taxes

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What if I dont file FORM 16 (Returns)?

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Mr.Dhaval’s advise is also good provided you know the TDS amount which the company has deducted from you. Also you should know the company’s TAN and the TDS acknoledgement numbers. The due date for filing returns is 31st July 09, if not extended. If there is no tax due, then you can waite till 31st March 2010. Meanwhile try for the form16 from the old company. If there is any balance tax, then you have to pay interest @1% till the month of filing return. Other than that, nothing will happen. But you must file your returns by 31st March 2010.