Form 16 forms the basis of income reporting in ITR. It is important to verify the details mentioned in it, including total income, tax deducted at source, exemptions, and deductions claimed during the financial year.  Form 16 forms the basis of income reporting in ITR. It is important to verify the details mentioned in it, including total income, tax deducted at source, exemptions, and deductions claimed during the financial year.  by Soban News (international And National News)