Tag: Form 16A

Important password formats for tax deductors and tax payers

The below table contains the password formats of various informations available in TRACES website which are important for both tax deductors and tax payers. Functionality Password Example Password Formats for… Read more »

Department notice to Tax Payers regarding Form 16/16A

The department has issued a notice to every Tax Payer stating that every tax payer should insist on getting Form 16/16A from their deductor downloaded only from TRACES website.  (http://www.tdscpc.gov.in)… Read more »

RBI : Banks to ensure timely issue of TDS Certificate to customers

Below letter has been issued to all Banks by RBI in which RBI has directed all Banks to issue TDS certificate to Customers on time. RBI/2013-14/361 DBOD.No.Leg.BC.65/09.07.005/2013-14 November 6, 2013 All… Read more »

Deductor not responsible for non-mention PAN of Deductee in TDS Certificate

As per Income Tax rulings regarding issuing of Form-16 or 16A, deductors are not responsible for non-mention of payees PAN in it. In the other words we can say if… Read more »

Issuance of the TDS certificate (Form 16A)

      10 Comments on Issuance of the TDS certificate (Form 16A)

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),… Read more »