Immediate amendment required in Income Tax Rule 31
Rule 31 of Income Tax Rules, 1962 requires that the certificate of tax deducted at source to be furnished to the deductee within fifteen days from the due date for furnishing the statement of tax deducted at source under rule 31A. (i.e. on quarterly basis).
Certificates are now to be downloaded from https://www.tdscpc.gov.in/
Unfortunately, even today (on 27/05/2013), when we try to request for Form No. 16A for the quarterly statement filed on 15/05/2013, this website gives the following message.
“Download request cannot be submitted as statement has not been processed for selected Financial Year, Quarter and Form type”
Thus, to save thousands of tax deductors to become defaulter in delivering certificates to the deductees without any actual default on their part and to save them from the penal consequences mentioned under section 272A(2)(g), government should immediately take an action so that innocent deductors can be saved from being penalized.
(CA. Tejas K. Andharia -B. COM, F.C.A., D.I.S.A.(ICAI), D.I.R.M.(