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FORWARD January 2007 This is the sixteenth annual Report of the Minnesota Consumer Credit Card Clearinghouse compiled by the Minnesota Department of Finance, Treasury Division. This report is required
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This is form sixteen is a document that provides details of income earned by an individual and the tax deducted at source (TDS) from such income.
Employers are required to issue form sixteen to their employees and individuals who have income from salary.
Form sixteen is typically filled out by the employer and provided to the employee. The employee should verify the details and use it while filing their income tax return.
The purpose of form sixteen is to provide details of income and TDS to employees to help them file their income tax return.
Form sixteen should include details of income earned, tax deducted at source (TDS), tax deducted account number (TAN) of the employer, PAN of the employer, PAN of the employee, etc.
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