Form -16 & 16a

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Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2013 Plz tell me the procedure and How to Issue form 16 to employees
What precations to take while issung Form-16
Thank U

Ganeshbabu K

Ganeshbabu K (Expert)

23 December 2013 The new Form16 notified recently by Income Tax Department (Notification No. 11/2013 dated 19/02/2013) is applicable for FY2012-13. The new Form16 contain two parts, Part A and Part B (Annexure). Part A contains details of Tax Deduction and Challan deposit details whereas Part B contains the Income details.

Further, it is made mandatory to all Deductors (including Government Deductors who deposit TDS in Central Government Account through book entry) that, the Part A of Form16 shall be generated only by downloading it through TRACES Portal (https://www.tdscpc.gov.in), for all the deductions done on or after 01/04/2012 under section 192 (Salary Income), and issued duly authenticating it either manually or with digital signature.

Part B of Form16, shall be prepared by Deductor manually and issued along with Part A duly verified and authenticated in accordance with Part A details.

Refer CIRCULAR NO. 04/2013 dated 17th April 2013 stating the above.

Ganeshbabu K

Ganeshbabu K (Expert)

23 December 2013 E-tutorial for downloading Form 16

https://www.tdscpc.gov.in/en/download-form16-etutorial.html

E tutorial for downloading Form 16A

https://www.tdscpc.gov.in/en/download-form16a-etutorial.html

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