TDS Certificate

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Querist : Anonymous

Querist : Anonymous (Querist)

12 January 2011

Sirs,
Can anybody confirm that for the AY 2011-12, a consolidated TDS certificate can be issued if the deductee wants consolidated TDS certificate for 4qtrs of Assessment year 2011-12 instead of issuing one certificate for each quarter ? Please give refernce also.

Ram Avtar Singh

Ram Avtar Singh (Expert)

12 January 2011 Rule 31 of IT Rule governs the manner and time limit for issue of TDS certificates. There is a proviso to Rule 31(3) which states as follows
Provided also that where more than one certificate is required to be furnished to a payee for deductions of income-tax made during a financial year, the person deducting the tax, may on request from such payee, issue within one month from the close of such financial year a consolidated certificate in Form No. 16A for tax deducted during whole of such financial year.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)

12 January 2011 yes so by looking on the above rules you can issue

K V Subba Rao

K V Subba Rao (Expert)

12 January 2011 The Rules have since been amended. Please view Notification No. 41/2010 [F.No. 142/27/2009-SO(TPL)], dated 31-5-2010.

Source: https://www.etaxindia.org/2010/06/income-tax-sixth-amendment-rules-2010.html

Also study Article published in Dec 10 Issue of The Chartered Accountant (ICAI Journal)

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