TDS CERTIFICATE- Revised Due Dates

Last Updated On: Aug. 1, 2020, 5:46 p.m.
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TDS CERTIFICATE

TDS Certificate i.e Form 16/16A is the certificate of deduction of Tax at Source issued by the deductor (employer) on behalf of the deductee (employees). This Certificate provides various transactions between the deductor and the deductee. It is been considered incomplete till the valid TDS Certificate has been deducted

 

CONTENTS OF TDS CERTIFICATE:

The TDS Certificate issued by the deductor/employee contains the following contents:

  • Valid PAN of Deductee
  • Valid TAN of Deductor/employee
  • Challan Identification Number (CIN), which is a number generated by the combination of BSR Code of the Bank where tax is deposited and also contains the date of deposits and the challan serial number allotted by the bank.

TDS Certificate is issued in the following forms:

  • Download the TDS certificate, bearing unique TDS certificate number and issue to the taxpayers within the due date.
  • TDS certificate in Part A of Form 16 shall be generated only for those PANs that have been reported in Annexure-II of the 24Q statement for the 4th Quarter. The deductors are advised to ensure that they provide salary details of their employees employed for the whole or part of the year in the Annexure-II of Quarterly TDS Statement for the 4th Quarter.

Frequency for Issuance of TDS certificate:

Particulars Form No. Frequency of certificate issuance
TDS certificate in respect of tax deducted on salary Form No. 16 Annually
TDS certificate in respect of tax deducted on payments other than salary Form No. 16A Quarterly

 

Due Date for Issuance of TDS Certificate:

The provisions of section 203 of the Income Tax Act, 1961 read with rule 31A, Certificate of tax deducted at source is to be furnished within fifteen (15) days from the due date for furnishing the statement of tax deducted at source. Failure to comply with the provisions of the Act will attract penalty under the provisions of section 272A of the Act, a sum of one hundred rupees for every day during which the failure continues.

FORM NO. PERIODICITY DUE DATE
Form 16–TDS on salary Annual By 31st  day of may  of the financial year immediately  following the financial year  in which the income was paid  and tax deducted
Form 16A-TDS on non-salary quarterly Within 15 days from the due date  for furnishing the  statement /return of tax deducted at source

 

All the deductor shall issue form 16 A  generated or downloaded from TIN  central system and authenticate the same either by using a digital or manual signature.

CBDT has revised the due date for filing TDS returns and issuing TDS Certificates for FY 2019-20 (Q4) for Government and Non-Government Deductors due to COVID-19 pandemic situation.

 

The Revised Dates has been given below:

Sl. No. Nature of compliance Revised Due Dates
1. Form 16 for TDS on salary during FY 2019-20 15-08-2020
2. Form 16A for TDS on income other than salary for Q4 of FY 2019-20 15-08-2020

 

 

 

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