Communication
Number 56 dated 21st June, 2014
CPC (TDS)
Reminder for downloading TDS Certificates (Form 16 / 16A) for FY 2013-14
As per
the records of Centralized Processing Cell (TDS), the TDS Statements have been
filed by you for different quarters for the Financial Year 2013-14. However, you have not yet downloaded TDS Certificates (Forms
16/ 16A) from our portal.
Please
refer to the following provisions of the Income Tax Act, 1961 in this respect:
Downloading of TDS Certificates from TRACES made mandatory:
·
In this
regard, your attention is invited to the CBDT circulars 04/2013 dated
17.04.2013, No. 03/2011 dated 13.05.2011 and No. 01/2012 dated 09.04.2012 on
the Issuance of Certificate for Tax Deducted at Source in Form 16/16A as
per IT Rules 1962. It is now mandatory for all deductors to issue TDS
certificates after generating and downloading the same from "TDS
Reconciliation Analysis and Correction Enabling System" or http://www.tdscpc.gov.in
(hereinafter called TRACES Portal).
TDS Certificates downloaded only from TRACES hold valid:
·
In view
of above circulars, it may kindly be noted that the TDS Certificates downloaded
only from TRACES Portal will be valid. Certificates issued in any other
form or manner will not comply to the requirements referred in the Income-tax
Act 1961 read with relevant Rules and Circulars issued in this behalf from time
to time.
Due Date for downloading and Penalty for non-compliance:
·
Please be
advised that under the provisions of Section 203 of the Income Tax Act, 1961
read with rule 31A, Certificate of tax deducted at source is to be furnished
within fifteen (15) days from the due date for furnishing the statement of
tax deducted at source. Failure to comply with the provisions of the Act will
attract penalty under the provisions of section 272A of the Act, a sum of
one hundred rupees for every day during which the failure continues.
Assistance for downloading TDS Certificates from TRACES:
·
You can
logon to our Portal
and refer to our e-tutorials to download TDS
Certificates.
.
.
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