Form 16

jcwalaskar (Querist) 21 February 2015 This query is : Resolved
I am doing 2 jobs at one time and my company giving me to fill form 16.

MY PROBLEM IS THAT-:

1. Is possible to do 2 jobs with out knowing companies about each other .

2. Will IT dept. will revel my job condition to each other companies

3. Is filling form 16 will create problem in my both jobs

Please let me know every detail. Its urgent

Thank you

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adv. rajeev ( rajoo ) (Expert) 21 February 2015
Income tax dept., is no way concerned to you job.

SAINATH DEVALLA (Expert) 21 February 2015
Just answer this,Can you sail in two boats at the same time

Rajendra K Goyal (Expert) 23 February 2015
Doing two jobs is irregular.

IT department is concerned with your income and not concerned whether it is earned from one or more employer.

Guest (Expert) 23 February 2015
Hypothetical academic problem!

All the three of your questions are irrelevant on account of the following reasons:

1) When you are already doing two jobs without knowledge of the concerned companies, it must have been possible for you to keep that secret. It depends upon you how you maintain that position.

2) If you indulge in to fraud with the IT department by concealing your incomeby not paying the tax due on your real earnings, that may surface one day or the other through media or some other source even for the knowledge of several other people, what to say of coming to the knowledge of your two employers.

3) Filing of form 16 for TDS deducted cannot be avoided, irrespective of whether that creates any problem or not in your two jobs.

In nutshell, you may do two or ten jobs at a time, you are responsible for accounting for the whole of your earnings duly clubbed for each source of income and pay due taxes on that in time.

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