Please also 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 Income Tax 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 (herein after 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.
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