1. Mandatory filing of TDS Statements:
You are advised to refer to Section 200(3) of the Act, read with Rule 31A, which reads as follows:
It is, therefore, advised to file the applicable TDS Statements at the earliest to comply with the above provisions.
2. Implications of Non/Late filing of TDS Statements:
Where a person fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a sum of two hundred rupees for every day during which the failure continues.
3. Issuance of TDS Certificates downloaded from TRACES:
CBDT circulars 04/2013 dated 17.04.2013, CBDT Circular No. 03/2011 dated 13-5-2011 and CBDT Circular No. 01/2012 dated 9-4-2012 refer to 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).
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. The TDS Certificates can be downloaded by registering yourself with TRACES Portal.
You are accordingly advised to file TDS Statements and also get Registered on TRACES Portal, if not done already.
For any assistance, you can write to ContactUs@tdscpc.gov.in or call toll-free number 1800 103 0344.