Income tax returns filing without Form 16!
Is it possible to file ITR without Form 16? Team business star Mumbai: For salaried taxpayers, one crucial document is Form 16, which facilitates quicker and hassle-free filing of their income tax returns (ITRs). Companies issue to their employees Form 16, which serves as an evidence that TDS (tax deducted at source) is deducted from your salary and deposited with the Income Tax Department. But is there any way to file ITR if we do not have Form 16, due to any reason? Answer is yes, you can. While Form 16 gives you a comprehensive account of all your incomes under the salary head and tax deductions, you can still file income tax return by using other documents and resources. You can collect relevant documents like salary slips, bank statements, rent receipts, interest certificates, etc. Further, you need to have details of other income sources, deductions, and exemptions for filing income tax return. In the absence of Form 16, Form 26AS, AIS, and...