Form 16 format revised after changes in ITR forms: 5 points
New Delhi, May 4 -- You will soon get Form 16 from your employer. This year, the Income Tax department has revised the format of Form 16 by adding various details to make them more elaborative. The changes in Form 16 format have been made to bring then in parity with latest changes made in ITR (income tax return) forms. The revised format for Form 16 has already been notified by the Income Tax department and will come into effect from May 12, 2019. This means the income tax returns for financial year 2018-19 will have to be filed on the basis of revised Form 16....
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