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Reg TDS Cert.

TDS 491 views 1 replies

I Have a problem, as last date for issue 16 is 30th April, but we deposited late. so what should i do?

Second is i want 2 know about date of issue of 16a if deposited till 31st May or late

please guide me

Replies (1)
Penalty for Failure to issue Form 16(section 272A):Employer shall be liable for a penalty t the rate of 100 for every day during which failure continues,if delay is without reasonable cause.Total penalty under section 272A,200(3),203,206,should not exceed the amount of tax deductible at source.

Tax deducted before 1.04.2010,deductor must issue TDS certificate on Form 16A .

Time Limit:where the tax has been deducted on amount credited in payee account as on the date of closing of Financial year accounts ,then such certificate is required to be issued within one week after the expiry of 2 months from the date on which tax is deducted.

For example if tax is deducted on 31.03.2010 then tds certificate is required to be issued by 7 June,2010

In any other case certificate is required to be issued with in a period of one month from the end of the month during which credit has been given or sums have been paid.


 

 


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