RE:TDS being deducted even below taxable threshold
by freelance on Jul 19, 2008 12:26 PM Permalink
Since you are employed as a contractor your employer is bound by law to deduct tax at source. For this the company must have pro vided Form 16A. Now you will have to file return with the details from this form to claim refund.
RE:TDS being deducted even below taxable threshold
by LALPET SRIDHAR on Jul 19, 2008 09:03 PM Permalink
You are not an employee. There should be employer and employee relation. Yours is contarct for service. Hence ask your employer Form 16A and claim refund after setting off expenses if any incurred while rendering services to the organisation and also 80-C deduction.
RE:TDS being deducted even below taxable threshold
by kalpesh shah on Jul 19, 2008 09:09 PM Permalink
Form 16 is issued to only salaried employees. Since you work on contract, the company should give you form 16A. Its better for you becuase you can prepare profit and loss account and avoid liability of tax.
