Collection of tds cert--form 16a

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Manoj Kumar Chaudhary (Querist)
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27 September 2013 Hi,
Now days at the time of Assessment Income Tax dept is giving TDS credit based on the 26AS of the assessee.

Querry--Whether it is necessary/mandatory to collect the TDS certificates (Form 16A) from duductors?.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 September 2013 Yes you should collect the TDS certidicate from the deductor as evidence of TDS deduction.

In a recent development pursuant to the judgement of the Delhi High Court in Court on Its Own Motion vs. UOI 352 ITR 273, the CBDT has issued Instruction No. 5/2013 F.No.275/03/2013-IT(B), dated 8.07.2013 stating that when an assessee approaches the AO with requisite details and particulars in the form of TDS certificate as evidence against any mismatched amount, the AO will grant credit of TDS to the assessee after ascertaining whether the deductor has made payment of the TDS to the Government.

Read more at: https://www.caclubindia.com/forum/cbdt-directive-on-grant-of-tds-credit-in-mismatched-cases-258273.asp

Manoj Kumar Chaudhary

Manoj Kumar Chaudhary (Querist)
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27 September 2013 Dear Sir,
as per CBDT Circular No. 01/2012 dated
09.04.2012 making it mandatory for all deductors to issue TDS certificate in Form No. 16A after generating and downloading the same from TRACES, pl advice what if deductor is issuing manual certs, whether we should accept or strictly ask for downloaded from TRACES.

Pl advice

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