Procedure of Issuance of certificate
for tax deducted
Income Tax Department issued circular stating the procedure
of issuance of certificate of tax deducted at source in form 16 & 16A. The
certificate must contain the (a) Amount of TDS (b) Valid PAN of the deductee
(c) TAN no of the deductor, etc.
TDS
certificate in Form 16 –issued annually
TDS certificate in form 16 has two parts
(a) Part
A contains detail of tax deduction and deposit and shall have a unique TDS
certificate no. This should be duly verified and authenticated by deductee or
the authorize person by the deductee as well as the contents of the form and
correctness should be duly verified either by manually signature or via digital
signature.
(b) Part
B contains details of Income
It is mandatory for all deductors that they generate and
download TDS certificate online from TRACES portal (www.tdscpc.gov.in) shall have unique TDS
number. Currently the time line for issuance of certificate is 31st
May.
TDS
certificate in Form 16A-issued quarterly
It is mandatory for all deductors that they generate and
download TDS certificate online from TRACES portal (www.tdscpc.gov.in) shall have unique TDS
number. These should be issued on quarterly basis.
For feedback & query
Write to us @
Link:issuance-of-tds-certificates-in-form-no 16A
issuance-of-certificate-for-tax in Form 16
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