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Issuance of TDS Certificates in Form No. 16A


Manish Kumar Agarwal 
posted on 26 May 2011



As you are aware that at present, the activity of issuance of Form No.16A is distinct and independent of filing of e- TDS statement on quarterly basis and therefore the chances of mismatch, in certain cases, between TDS Certificate in Form No.16A and Form No, 26AS cannot be completely ruled out. To overcome the challenge of mismatch, the CBDT has issued Circular No.3 dated May 13th 2011 laying down therein that a common link has now been created between the TDS certificate in Form No.16A and Form No. 26AS through a facility in the Tax Information Network website (TIN Website) which will enable a deductor to download TDS Certificate in Form No.16A from the TIN Website based on the figures reported in e-TDS statement filed by him/them. As both Form No.16A and Form No.26AS will be generated on the basis of figures reported by the deductor in the e-TDS statement filed, the likelihood of mismatch between Form No.16A and Form No.26AS will be completely eliminated.

 

 The CBDT has further clarified the following in the said Circular:

 

On or after April 1st 2011 the deductor being a Company including a Banking company should issue TDS Certificate in Form No. 16A generated through TIN Central system and which is downloaded from the TIN Website with a unique TDS certificate number in respect of all sums deducted on or after the 1st day of April, 2011 under any of the provisions of Chapter-XVII-B other than section 192.

 

However, the deductor, being a person other than a Company or a Banking company, may, at his option, issue TDS Certificate in Form No.16A generated through TIN central system and which is downloaded from the TIN Website with a unique TDS certificate number in respect of all sums deducted on or after the 1st day of April, 2011 under any provisions of Chapter-XVII-B other than section 192

 

For deduction of tax at source made during FY 2010-11, the deductor, may at his option, issue the TDS certificate in Form No.16A generated through TIN central system which is downloaded from the TIN Website with a unique TDS certificate number in respect of all sums deducted during the FY 2010-11 under any of the provisions of Chapter- XVII-B other than section 192.

 

The deductor, issuing the TDS certificate in Form No.16A by downloading from the TIN Website shall authenticate such TDS certificate by either using digital signature or manual signature.

 

The deductor being a person other than a Company including a Banking Company who do not issue the TDS Certificate in Form No.16A by downloading from the TIN Website shall continue to authenticate TDS certificate in Form No.16A by manual signature only.

 

The Director General of Income-tax (Systems) shall specify the procedure, formats and standards for the purpose of issuance of TDS certificate in Form No.16A which is downloaded from the TIN Website and shall be responsible for the day-to-day administration in relation to the procedure, formats and standards for issuance of TDS certificate in Form No.16A in electronic form.

 

· The TDS certificate issued in Form No. 16A by  the person responsible for deducting TDS being a Company including a Banking Company in accordance with this circular and procedure, format and standards specified by the Director General of Income-tax (Systems) shall only be treated as a valid TDS certificate in Form No. 16A for the purpose of section 203 of the Act read with Rule 31 of the IT Rules, 1962.

 

In order to enable you to generate the TDS Certificates through TIN Website, you will be required to follow the following steps:

 

1. The deductor has to register their TAN with NSDL website. Click on the "Online TAN Registration" available in the home page of www.tin-nsdl.com and follow the due procedures mentioned therein.

 

2. Upon registration the deductor would be allotted a Reference Number. Note down this number.

 

3.   The deductor will also receive an email from NSDL informing the Reference Number, User Name, Password...etc

 

4. After confirmation of registration formalities, again visit the website www.tin-nsdl.com and Login to TAN Account

 

5. Provide the User Name, Password and TAN Number

 

6. Provide the details as asked for by the website for every quarter. You will receive by email a text file from NSDL.

 

7. Now the said text file needs to be converted into a PDF file / TDS certificate (Form 16A). Requisite conversion software provided in the website itself.

 

8. Once converted, the TDS certificates will be saved in the computer automatically at the defined path.

 

9. Take print out of the certificates and check the same for 100% accuracy

 

10. If found in order, affix seal and signature and issue the certificate to the deductees by either using digital signature or manual signature.


Published in Income Tax
Source : TIN CIRCULAR
Views : 12136

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