TDS Form No 16 & 16A for whoich FY ?

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suresh

M-F&A

55 Points Posted on 27 April 2009

For F.Y.2008-09 (AY-2009-10) to issue new or old TDS certificate ? I think only old tds certificate to use, because as per tds certificate it requires UTN No. and the systems is not yet started, so for the credit of tax to party, we have to give payments details, where UTN no.is not available. So we should use only old tds certificate ?? can u clarify please ??

Replies (6)

Rupesh Jha

M.Com CA PhD* and MBA*

600 Points Posted on 27 April 2009

Yes, Mr. Suresh you are righ.For F. Y. 2008-09 wh should issued old TDS certificate,new certificate will be applicable from F Y. 2009-10.

Rupesh Jha

M.Com CA PhD* and MBA*

600 Points Posted on 27 April 2009

Yes, Mr. Suresh you are righ.For F. Y. 2008-09 we should issued old TDS certificate,new certificate will be applicable from F Y. 2009-10.

Milan Somani

911 Points Posted on 27 April 2009

the new ammendments are applicable for TDS deducted on or after 01/04/2009

N.J.R

Practice

294 Points Posted on 29 April 2009

Originally posted by :Milan Somani
"	Pls refer notified ITRs for A.Y. 2009-10 as per which TDS Schedule will require UTN. How it is possible?	"

Milan Somani

911 Points Posted on 29 April 2009

Originally posted by :NJR
"	Pls refer notified ITRs for A.Y. 2009-10 as per which TDS Schedule will require UTN. How it is possible?	"

Good point man, it means both are contradictory:-

Ministry of Finance

Notification on TDS and TCS

The Board has amended the rules relating to Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) vide Notification No. S.O.858 (E) dated 25th March 2009.

In this context, taxpayers are informed that the new Form 17 (the challan for payment of TDS and TCS) is applicable only for payment of tax deducted or collected at source on or after 1st April 2009. Therefore, in respect of any TDS or TCS made before the 1st April, 2009, the payment will continue to be made to the
credit of the Central Government by using the challan in Form No. 281 (i.e. the old challan form) even after 31st March 2009.