There are many Deductors who have filed TDS Statements for different quarters but not yet downloaded TDS Certificates (Forms 16/ 16A) from TRACES  portal should download the same immediately to avoid Penal Consequences.

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, CBDT Circular No. 03/2011 dated 13-5-2011 and CBDT Circular No. 01/2012 dated 9-4-2012 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 (https://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 Issuance of TDS Certificates and Penalty for non-compliance u/s 272A: 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.

FORM NO. PERIODICITY DUE DATE
Form 16–TDS on salary Annual By 31st  day of may  of the financial year immediately  following the financial year  in which the income was paid  and tax deducted
Form 16A-TDS on non salary quarterly Within 15 days from the due date  for furnishing the  statement /return of tax deducted at source

All the deductor  shall issue form 16 A  generated or downloaded from TIN  central system and authenticate the same either by using digital or manual  signature.

(Republished with amendments)

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23 responses to “Download TDS Certificates at TRACES within Due date -Reminder”

  1. Ravi says:

    TDS Certficates for the 4th Quarter Dec 2017 to March 2018; are not available with the following Banks as of 1st June 2018.
    Cosmos Bank/ Bank of India /Punjab National Bank.
    They may not be available till 10th June, they say.
    ITR-2 requires TDS Certificate’s Unique number to be entered before it can be uploaded.
    Consequently, IT return delayed by the Banks.

  2. Bikash Behera says:

    Sir,
    If deducter have not applyed tds certificate from Q1 & Q2 but have applied Q3 before due date than what will be the solution. If Penalty will be charged than how deductor can avoid penalty

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