Non download of form 16/ form16a

TDS 443 views 6 replies

Dear All

Can anybody update me , if I don't download Form16/ Form16A -- there is any fine / penalty.

If there is any penalty what is the last date for download of the same.

Nowadays nobody asking for Form 16A as everybody take his credit figure from 26AS so why we download the Form 16A.

Pls update me.

Regards

Jayanta

Replies (6)

download and keep the files in a folder on pc , in next two years if anybody ask you for copy, you are bound to handover the same. 

 

its deductor's responsiblity to handover the TDS certificates to deductee, to establish that the deducted amount is deposited with govt of india, and they can claim it by filing ITR 

Dear Mr. Sharma

But is there any penalty etc for non downloading of Form 16A, pls update me

Regards

Jayanta

department is concerned about his TDS payment and offered you to download the TDS certificate, 

if you dont like to do it, and the deductee case is selected for regular assessment, then you may feel the heat, as the deductyor has to offer the original as well as copies on demand to deductee, 

Dear Mr. Sharma But is there any penalty etc for non downloading of Form 16A, pls update me Regards Jayanta

Read more at: /forum/non-download-of-form-16-form16a-360729.asp

Ok Sir I understood.

Thanks for update.

 

Hi jayanta,

There has been specified time limit for the deductor to issue TDS/TCS certificatewhich is applicable after 01/04/2010. The limit is mentioned as below :

FORm 16 : Annually, on or before 31 mayimmediately following the FY in which tax is deducted.

Form 16 A: For quarter June 30==July 30 of the FY

                 For Quarter Sep 30==Oct 30 of The FY

                 For Quarter Dec 31==Jan 30 of The FY

                 For Quarter Mar 31==May 30 after the end of FY

However if the respective compliances are not made within the due date specified in the relevant section penalty would be leviable u/s 272A for a sum of Rs.100 per day for which the failure continues.


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