Wednesday, May 16, 2012

CBDT CIRCULAR: ISSUANCE OF TDS CERTIFICATES IN FORM NO. 16A DOWNLOADABLE FROM TIN WEBSITE

The Central Board of Direct Taxes (CBDT) has issued an important circular regarding issuance of Tax Deducted at Source (TDS) certificate in  Form 16A in respect of all sums deducted on or after 01-04-2012. It provides that:


  • All deductors shall Issue Tax Deducted at Source (TDS) certificate in Form No. 16A  generated through Taxpayer Identification Number (TIN) central system which is downloadable from the Taxpayer Identification Number (TIN) website with a unique Tax Deducted at Source (TDS) certificate number in respect of all sums deducted on or after the 01-04-2012;
  • The deductors, issuing the Tax Deducted at Source (TDS) certificate in Form No.16A by downloading it from the Taxpayer  Identification Number (TIN) website, shall authenticate such Tax Deducted at Source (TDS) certificate either by using digital signature or by manual signature.

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