TDS certificate u/s 203

It's Mandatory to issue TDS certificate with in prscribe time limit , for non compliance penalty under section 272A of the Income tax act will applicable .

Just download form 16A from traces and keep it with you to avoid notices from dept

No , You download Form 16 / Form 16A as the case may be , and issue to Daudtee , do not keep with you .

Yes it is mandatory by law. But of course the law was probably written a long time ago and never updated!

In reality, almost no one asks for non-salary Form 16s because the 26AS provides a summary of all the TDS deposited against a PAN by all deductors.

Like mentioned above, download it and save it on the computer. Then if anyone asks, you just need to generate the forms.

TDS certificate must be issued within 15 days from the date of filing of the TDS return. 

It is important to download the certificate from the traces portal. 

The customers can take the effect of the TDS in their income tax return from the details mentioned in Form 26AS except in the case of salary TDS. 

 

 

Thanks everyone for the responses.

Generally downloading form 16A means Tds is already credited to payee.

So Income consider the penalty or interest for not downloading form 16A.

Without downloading one can't issue form 16A.

IT dept will not be knowing whether it is issued or not .So downloading is the main criteria.

Few may ask for Form 16A , you may give it ..

If you have email ids then send the PDF