TDS Certificate

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M.M.SURANA

M.M.SURANA (Querist)
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20 December 2019 Dear Expert , We are filling our TDS retrun regularly . Is it necessary to down load form 16 or 16A every qtr or yearly or not necessary since credit of TDS goes directly to deductee a/c (2) is it necessary to file NIL TDS return.

Amol S Joglekar

Amol S Joglekar (Expert)
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20 December 2019 1. Do file NIL tds return.
2. No need to download form 16. Let the concerned person download it.

swasti

swasti (Expert)
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21 December 2019 Deductor has to issue Form 16/16A within the stipulated time provided by the Act otherwise penal provisions are attracted.

Due Date of Issue of TDS Certificates--- Salary (Form No.16)---(Annual) By 31st day of May of the financial year immediately following the financial year in which the income was paid and tax deducted Non-Salary (Form No.16A)---(Quarterly) Within fifteen days from the due date for furnishing the ‘statement of TDS’.

Under the provisions of section 203 of the Income Tax Act, 1961 read with rule 31A, Certificate of tax deducted at source is to be furnished within fifteen (15) days from the due date for furnishing the statement of tax deducted at source in case of Form 16A and 31st May in case of Form 16. Failure to comply with the provisions of the Act will attract penalty under the provisions of section 272A of the Act, a sum of one hundred rupees for every day during which the failure continues.

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M.M.SURANA

M.M.SURANA (Querist)
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21 December 2019 there is 2 opinion for download of Form 16/16A pl clarify the same who has to download or who is reponsible for penalty if any for non download