15 May 2007
what is the last date for issuing 16A in case the interest iscredited for the year on 31st march.I v read somewhere that in such cases its 7th june. is it right and what if 16A is issued after the required date
22 May 2007
Form 16A can be issued within 14 days from the end of month in which TDS is deposited. In your case if interest is credited on 31st march, tds can be deposited within 2 months and issue 16A as said in first para. There is no penal provision in case 16A is issued after required date. However it must be issued before the due date to file the qtrly return.