Issuance of certificate for tax deducted at source in Form No. 16 in accordance with the provisions of section 203 of the Income-tax Act, 1961 read with the Rule 31 of the Income-tax Rules 1962

Section 203 of the Income-tax Act 1961 (“the Act”) read with the Rule 31 of the Income-tax  Rules 1962 (“the Rules”) stipulates furnishing of certificate of tax deduction at source (TDS) by  the deductor to the deductee specifying therein the prescribed particulars such as amount of TDS,  valid permanent account number (PAN) of the deductee, tax deduction and collection  account number (TAN) of the deductor, etc. The relevant form for such TDS certificate is Form  No. 16 in case of deduction under section 192 and Form No. 16A for deduction under any other  provision of Chapter XVII-B of the Act.

To view full notification, please follow the link

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s