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Now TIN Website to provide Form 16A

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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.



4 Comments

  1. muni says:

    Now Trust will issue form 16A for F.Y 2012-13

  2. Samarjeet says:

    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

  3. satyavathi biju says:

    What is the procedure to download the same

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