Is Form 16 required and of how many recent Saral Form/Form 16 is needs to be retained?

POSTED BY Sunil Kumar ON August 19, 2011 10:55 am ONE COMMENT

Hi All,

Couple of questions?

1. With Form 16 being filed and on receipt, we will have Saral Form(Form 2d).  Should I retain Form16, when I have Saral Form with me?  If yes, then why?
2. How many years latest Saral Form/Form 16 needs to be retained?

Please add more details.

Thanks
Sunil Kumar

One reply on this article “Is Form 16 required and of how many recent Saral Form/Form 16 is needs to be retained?”

  1. ashal jauhari says:

    Dear Sunil, One should keep at least past 6Y’s Form 16 & ITRs with him/her. The income tax rules for scrutiny/search of old cases stipulates this 6Y guideline.

    Thanks

    Ashal

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