know the fact about form16

8/10/2019 Know the Fact About Form16

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Know the Fact about Form16

Each and every candidate must know the real fact about the Form16.Take 2 minutes of

time to read the entire content to know what is happening around you regarding Form16

Point1:- Take any Form16 of your friends who are working with the company and first

note down 3 items from the Form16 into a white paper (You can find these items at the

Beginning of the Form16)

Item1 Company Address 2 Company TAN number3 Company PAN Number

Now above 3 items are there in the white paper

Point2:- Open the below mentioned link in any web browser (IE, Mozilla, Chrome)

https://incometaxindiaefiling.gov.in/e-Filing/Services/KnowYourTanLink.html

Select Category of Deductor as Company

Select the State as yourcompany state (You can get from Form16 address)

Type Nam e of your company into Name Field

Type the Captcha Code and click on Submit button

After loading the webpage note down 3 items from here

Item1) Company Address 2) Company Tan Number 3) Company Pan Number

Now compare these 3 items with other 3 items which are noted in white paper

100% these 3 items should be similar (Which is Genuine Form16)

(Because Form16 is auto generated from income tax department, so these 3 items

comes to form16 automatically from income tax website)


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Note:-You can Take Any Genuine Form16, in all cases the above experiment is 100%

Success

And here is Few FAQs regarding this

1 What if company address is not matched with Form16 address and income tax

address?

A If this is the case your form16 is created manually, it is not generated by IT

Department

2 How can you tell above thing only because of this reason?

A

If you take very big MNC which has 30 branches all over India ,but all branch

employees will get form16 with same address ,that address is which is there in the

income tax website. Assume that company is registered with Bangalore Address (In the

same address office should be there); even employee from Mumbai also will get form16

with Bangalore address only. Reason is Form16 address is always fetched from Income

tax website only

3 Ho Good G reat Analysis and understanding. What if Compan y TAN is there? But

PAN is not there?

A By using the TAN number Company can do financial operations, but to provide

Form16 to particular employee PAN number is Mandatory

4 How do you justify the above answer?

A I can justify the above answer by providing 3 sub answers

i To Generate Form16 in Income Tax department we have to feed both company

TAN and PAN numbers. Then only we can generate the Form16


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ii Can you see any Form16 without PAN? No right! So PAN is mandatory to Generate

Form16

iii While deducting TDS, Taxpayer needs the TAN Number with supportive PAN

Number

5 How to differentiate Company PAN Num ber and Employee PAN Number?

A Answer is Very simple, Generally PAN number is 10 Digit Identification number

In company PAN number first two characters are always AA and fourth character is

always C Stands for Company

In Employee PAN first two characters anything, but fourth Character should be P

Stands for Personal (Even you can check your pan number also) Fourth Character is

P

This is the Basic information about Form16.Before going to Detailed information let me

write summary of Basic Information

1 Form16 Company Address and Income Tax website Company Address should be

same

2 Company should have both TAN and PAN numbers to generate the Form16

3 To agree with the above two points cross check with any of the Form16

Hope you are understand the basic information about the Form16, if yes let us continue

with Detailed Information


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Detailed Information about Form16

Point1:- Take any Form16 of your friends who are working with the company and note

down 4 items in to a white paper from the Form16 (You can find these items at the end

of the Form16)

Item1 TDS amount 2 BSR Code 3 Date 4 Challan Serial Number

Now above 4 items are in the white paper

Point2:- Open the below mentioned link in any web browser (IE, Mozilla, Chrome)

https://tin.tin.nsdl.com/oltas/servlet/QueryTaxpayerAjax

When page loads click on CIN BASED VIEW

1 Enter the BSR Code 2 Enter Tender Date 3 Enter Challan Serial Number4 Enter

amount

These 4 details are there in your white paper

Enter Captcha code and click on View button

You can see which company has paid this amount and for what purpose this amount is

paid (Message shows clearly Name of the company ,TAN Number and Income tax

purpose)

---------- Known Facts

By

Kamlesh Yadav (Senior Charted Accountant)

know the fact about form16

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