TDS certificate is a certificate of tax deduction of source (TDS) by the deductor to the deductee specifying therein the prescribed particulars like amount of TDS, permanent account number (PAN), tax deduction and collection account number (TAN) etc.
The relevant form for such TDS certificate is Form 16 in case of deduction under section 192 (Salary) and Form 16A for deduction under any other provisions of chapter XVII-B of the Act.
TDS certificate in Form 16 is to be issued annually whereas TDS certificate in Form 16A is to be issued quarterly.
Last date for issuance of the TDS certificate (Form 16A) for Quarter 1 of FY: 2013-14 is 30th July, 2013
Delay in issuing certificates will involve a fine of Rs. 100 per day subject to an upper limit of the tax deducted. Click here for more details
As per Circular No. 01/2012 dated 09.04.2012, it mandatory for all deductors to issue TDS certificate in Form No. 16A after generating and downloading the same from TRACES website.