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Consequence of not Downloading TDS certificate from Traces Website

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.

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.

Categories: Income Tax

View Comments (11)

  • jab 26AS ready ha to phir Download ki kya jarurat ha ek taraf green earth and dusri aur kachre ka dher pahle ek paper me kam ho jata ab 1 certificate he 3-4 page ka hota ha

  • I agree with rule to make download necessary. bcoz in event of wrong filing of TDS return by deductor, taxpayer does not gets full credit of tax and demand is raised by department.

    In such a case Deductee will have a proof and could claim that it is Deductors fault.

    Moreover they are not mandating to issue TDS certificate in paper form.

    Moreover TDS in 26 AS can get removed in case deductor revises TDS return wrongly. Then TDS certificate be used as a proof of deduction.

  • This just another way of harassment and wastage of time in downloading......we are back office of govt department ....when we are putting all details they must facilitate to e mail tds certificate on our e mail ID......why need to download ...when their is no change in data......its just way of collecting money....if someone forget to download even after timely payment and return....then another change of govt to take rs 100 per day...................system of downloading sd be scrapped they should e mail to us ....after all they are taking processing fees from us.

  • As far as a tax payer, I understand both form 26AS & form 16 has the same information so even if one of these are issued after downloading to the tax payer , there is no problem. But it should be made mandatory on the part of tax deductor to issue the same to taxpayer and there should be very clear timeline for its issuance. The discrepancy if any in the amount of tax deduction should be the responsibility of deductor rather taxpayer.

  • my DDO has never given us the TDS certificate generated from TRACES, atleast he should mail us , if not giving in paper form as banks are sending on mail.
    GMS BHANGALA
    COMPLEX GHS DHALIWAL
    DISTT JALANDHAR

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