As per IT Act, Form 16A should be issued within one month of the the month ending in which payment is made or credited. It is mandatory coding TIN Acknowledgement No. on Form 16A.How is it possible to code Acknowledgement no.(as it is available only after the quarter end) for the first two months Form 16A s issued of any Quarter ?
1 Replies
Abhinav Agarwal
(M.Com C.A SAP Consultant)
(814 Points)
Replied 18 March 2009
Generally if the vendor to whome you are making payment on regular basis, we take a written undertaking for issuance of consolidated TDS certificate for whole year.
Not as per the question, if you are issuing TDS certificate on monthly basis, you can mention Ack no. As "RETURN NOT YET FILED" for Qtr 1 and in Qtr 2 u can mention Ack no. of Qtr 1 & same "RETURN NOT YET FILED" in Qtr 2 column And likewise.
IT Deptt understands that the Date of filing Return has not expired.
Recent Topics
- Interest u/s 234B & 234C charged despite being
- Deduction for leave encashment 10AA
- Inadvertently filled and filed Form 10-IEA like la
- Delivery challan e-way bill
- LTCG Section (B1-B12) for RSU Sale after Jul/24
- Regarding Hackathon Prize W-8BEN India-US Tax Trea
- Digital1234
- Unable to claim Deduction in ITR 2 u/s 80 CCD(2)
- FDI-FEMA-Interest on Loan to Mauritius based wholl
- GSTR-4 Return in composition scheme
Related Threads
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
