TDS Certificate From TRACES
This query is : Resolved
10 January 2023
Sir/ Madam
Since which financial year it is compulsory to issue TDS certificates from TRACES.
Pl provide Reference of Notification / Rule ....
Thanks
Since which financial year it is compulsory to issue TDS certificates from TRACES.
Pl provide Reference of Notification / Rule ....
Thanks
10 January 2023
According to a notification by CBDT in July 2018, “It is now mandatory for all deductors to issue TDS certificates after generating and downloading the same from “TDS Reconciliation Analysis and Correction Enabling System” or TRACES Portal.”
Further, it stated that, “…it may kindly be noted that the TDS Certificates downloaded only from TRACES Portal will be valid. Certificates issued in any other form or manner will not comply to the requirements referred in the Income-tax Act 1961 read with relevant Rules and Circulars issued in this behalf from time to time.”
Refer:: Circulars bearing numbers 4/ 2013 dated 17 April 2013, 1/ 2012 dated 09 April 2012 and 3/ 2011 dated 13 May 2011.
Further, it stated that, “…it may kindly be noted that the TDS Certificates downloaded only from TRACES Portal will be valid. Certificates issued in any other form or manner will not comply to the requirements referred in the Income-tax Act 1961 read with relevant Rules and Circulars issued in this behalf from time to time.”
Refer:: Circulars bearing numbers 4/ 2013 dated 17 April 2013, 1/ 2012 dated 09 April 2012 and 3/ 2011 dated 13 May 2011.
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10 January 2023
01/2012 dated 9-4-2012 on the Issuance of certificate for Tax Deducted at Source in Form 16A/16 as per IT Rules 1962. So it is mandatory for all diductor's to issue TDS certificates after generating and downloading the same from “TDS Reconciliation Analysis and Correction Enabling System” or TRACES Portal.
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10 January 2023
From Apr 2011: Form 16A became mandatory for companies.
From Apr 2012: Form 16 (part A)/16A became mandatory for all.
From Apr 2018: Form 16 (part B) became mandatory for all.
Circular no. 03/2011 dated 13-05-2011
Circular no. 01/2012 dated 09-04-2012
Circular no. 04/2013 dated 17-04-2013
Notification 09/2019 dated 06-05-2019
From Apr 2012: Form 16 (part A)/16A became mandatory for all.
From Apr 2018: Form 16 (part B) became mandatory for all.
Circular no. 03/2011 dated 13-05-2011
Circular no. 01/2012 dated 09-04-2012
Circular no. 04/2013 dated 17-04-2013
Notification 09/2019 dated 06-05-2019
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