I received an intimation from TDS department that i have not downloaded form 16A for my firm for all the deductions we made. It says there is a fine of 100 rupees per day per form. My CA tells me that the department never fines although it is mandatory to download form 16A. Can someone tell me if i need to pay a fine for not downloading form 16A
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Income tax form 16A
Replies (8)
Quick Summary
Downloading Form 16A is mandatory and there is a fine for that.
Problem is with the correction.For every correction , you have to download again
Download it at the earliest.
Problem is with the correction.For every correction , you have to download again
Download it at the earliest.
Form 16A
- Form 16A is the certificate of deduction of TDS for non-salary earnings like commissions, rents, & freelancing consultancy
- These certificates provide details of TDS for self-employed, consultants and other professionals
- It is mandatory to issue these certificates to Taxpayers.
- Non Salaried individuals like freelancers, consultants & commission agents are eligible to receive form 16A
- Issued by the deductors
- Issued quarterly
- Applies to commissions earned, rental income & professional charges
- You can look at Form 16A for
- Deductor’s Bank BSR Code & TAN (Employer’s Tax number)
- Tax Payer’s PAN (Employee’s PAN)
- TAX amount (TDS amount deducted in that year)
- TDS Payment acknowledgment
- Income Tax ACT under section 203 is the abiding law for TDS on earned income
- Payments above Rs. 20,000 are liable for TDS & cannot claim deductions
- Form 26AS reflects all details mentioned in form 16
- Can be verified online in the traces to check if the deductions by the employer or tax deductor are reflected in form 26AS
- For more info visit: www.sumopayroll.com
Login to traces and request for form 16A by giving any three PAN combination of tds and tax paid challan details
How can me download my form 16
Follow above procedure posted by Debora M and you can also down form 16 part A and Part B Separately
You have to file online request for form 16 and get it download.
@ Sunil,
Downloading is deemed to be issued. So no fine if it is downloaded
Downloading is deemed to be issued. So no fine if it is downloaded
There is fine of Rs.100 per day if Form 16 not downloaded
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