what should be the date for issuing the tds certificate to the party.
for example :
to Mr. X paid Rs.10000/- dtd.3-5-07 tds 1000/- deposited on 6-6-07
to Mr. Y paid Rs.11000 dtd.3-3-08 tds 1100/- deposited on 7-4-08
I want to issue the certificate to them for the F.y. 2007-08 to both the party on a single date can i do the same? & what is the rule for the same.
pl. help
Yes you can give it in a single form 16A alongwith details. You can give any date before 31st July 2008 for FY 2007-08
Give them any date with in 15 days from date of filing of return
Hi
For issuing TDS certificates , 15 days from date of filing fo return is default. The law specifies the time to be 30 days from end of month in which TDS deducted. You can take a letter from vendor authorsing you to issue certificate on annual basis - in such cases the last date is 30th April. There is an exception to the above rules. In case you make some provisions and deduct TDS on the same, certificate can be issued till 31st May.
CA Sanjay Dodrajka
You need to issue TDS certifimate within 30 days from the date subsequent to the moth in which tax was deducted (please refer Section 203(1).
within 30 days of date of return
CAclubindia
