File returns 2 form16

Other aspects to be complied with would be mandatory quoting of an Aadhaar number except for foreign citizens, individuals above 80 years of age, non-residents and individuals staying in certain specified states , validation of acknowledgement Form ITR-V of the return e-filed, etc.

Like us on Facebook and follow us on Twitter. Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates. Home Money File IT return with two Form 16s: How to file income tax return with Form 16 from two or more employers File IT return with two Form 16s: How to file income tax return with Form 16 from two or more employers Filing income tax return can be complex in case you have changed your job and have worked with more than one employer during a financial year.

Here are a few important things you need to be aware of while filing ITR with Form 16 from two or more employers. Written by guest. Updated: July 30, pm. As per the existing tax laws, an NR is not required to pay any taxes on any income earned outside India nor is he required to report his foreign source assets in his tax return. By Parizad Sirwalla Tax returns filing can be complex in case you have changed your job and have worked with more than one employer during a financial year FY.

Next Story. US Stock Market. Blockchain ETFs to add to your watchlist for diversifying your portfolio in Latest News. Rural microfinance: Loans disbursed witness degrowth by value, volume in FY21, says report. If you have not reported your old salary to your new employer, the new company many not factor in your old income and hence deduct lower tax. In such a situation you will have to reconcile the details while filing returns. Never miss a story! Stay connected and informed with Mint.

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Abc Medium. Abc Large. Due to novel coronavirus, the government had extended the income tax related deadlines. Form 16 is one of the important documents required for filing ITR. The form contains the summary of the taxes that are deducted by your employer and deposited against your PAN with the government during the financial year.