Now TIN Website to provide Form 16A
CBDT has issued Circular 03/2011 on May 13, 2011 detailing new procedure of Issuance of TDS Certificates in Form No. 16A downloaded from TIN Website and option to authenticate the same by way of digital signature
|
FY 2010-11 |
FY 2011-12 |
|
| Download Form 16A from TIN Web Site | Optional | Mandatory for Companies and Banks. Optional for others |
| Digitally Sign Form 16A | Optional but only if downloaded from TIN Web site | Optional but only if downloaded from TIN Web site |
| Manually Issue TDS Certificate | All deductors can manually issue TDS Certificate | Companies and Banks cannot manually issue TDS Certificate |
TDS Certificates Form 16A for Financial Year 2011-12
- For the following categories of deductors, it is mandatory to download Form 16A from TIN Web Site and issue such downloaded certificates to deductees
- Companies
- Banks
- Co-operative society engaged in banking business
- For other deductors, it is optional to download Form 16A from TIN Web site
- Such downloaded TDS certificate will have a unique TDS Certificate Number
- This procedure is applicable for all deductions made on or after 01-04-2011
TDS Certificate Form 16A for Financial Year 2010-11
- Any deductor has option to download Form 16A from TIN Web site.
- It is not mandatory for any one
Digitally Signing Form 16A
- A deductor has option to digitally sign Form 16A .
- However this option is available only in respect of Form 16A downloaded from TIN Website.
- TDS Certificates not downloaded from TIN web site will have to be manually signed
Procedure and Format
- Director General of income-tax (Systems) shall specify the standards , procedure and format for issuing of TDS Certificates by way of downloading from TIN Web Site
Analysis by Fast Facts
The above circular is applicable for Form 16A only. Hence there is no change in the procedure for issuing Form 16 for tax deducted on salaries.
Banks and companies stand to gain a lot by digitally signing and emailing TDS certificates.
Above circular will ensure that companies and banks improve accuracy of eTDS statement by filing complete and correct details. Deductee will stand to benefit as they will get prompt credit for tax deduction.
Now Trust will issue form 16A for F.Y 2012-13
muni
November 22, 2012 at 5:21 PM
My company has deducted TDS for the Finanacial Year 2009-10 & 2010-11 ,but it has not issued FORM 16 A.
What to be done for IT Filing
Samarjeet
July 27, 2011 at 12:50 PM
What is the procedure to download the same
satyavathi biju
May 17, 2011 at 3:53 PM
you have to register your TAN on the NSDL website and then you can login and download the form 16A
SYSTECH Softwares - Vivek Shah
May 21, 2011 at 11:25 AM