Income Tax : Explore the differences between Form 16 and Form 16A, their purposes, eligibility, and significance in income tax filing. Understa...
Income Tax : Understand TDS and TCS compliance deadlines. Learn about deposit dates, return filing schedules, and issuance of certificates to a...
Income Tax : Discover the intricacies of Income Tax Returns (ITR) in India, from types of forms to required documents and compliance measures, ...
Income Tax : Know everything about Form 16 & 16A of Tax Deducted at Source Let’s discuss the importance of one of India’s most crucial ...
Income Tax : As per the Income Tax Act 1961 A person making payment to other person upon a threshold limit need to deduct tax. In case of Emplo...
Income Tax : NSDL has recently started a online facility by which deductee can verify the correctness of TDS Certificate (Form 16A) issued by t...
Income Tax : Download Automated Form-16A for the Financial Year 2011-2012 and Assessment Year 2012-2013 in excel format....
Income Tax : Income Tax Department has started processing of TDS returns for 2010-11 (u/s 200A) and earlier years (u/s 201). All 'defaults' inf...
Income Tax : Download Form 16A and form 16 (Salary Certificate as applicable for A.Y. 2011-12 F.Y. 2010-11) and onwards in Excel Format alongw...
Income Tax : Under the new scheme Form 16/16A shall not be issued manually. A deductor shall download Form No. 16/16 A from the online system. ...
Income Tax : Navigate complexities of personal income tax in India for FY 2023-2024. Learn about filing returns, responding to notices, and opt...
Income Tax : Jharkhand High Court imposes penalty on JBVNL for unjust retention of Rs 2.9 crore, orders refund of TDS. Detailed analysis of Anv...
Goods and Services Tax : Read about the Madras High Court's decision in Rangaswamy Jeevanantham vs Superintendent case, where GST liability and TDS on Sala...
Income Tax : Delhi High Court held that section 205 of the Income Tax Act puts a bar on direct demand against the assessee to the extent where ...
Income Tax : ITAT Raipur held that payment towards purchase of beer from the State Government is an exception to the applicability of section 4...
Income Tax : Total income or loss shall be computed after making adjustment for addition of income appearing in Form 26AS or Form 16A or Form 1...
Income Tax : CIRCULAR NO. 4/2013-Income Tax The deductor, issuing the Part A of Form No. 16 by downloading it from the TRACES Portal, shall, b...
Income Tax : CBDT Circular No. 01/2012 All deductors (including government deductors who deposit TDS in the Central Government Account through...
Income Tax : Notification No. 9/2010-Income Tax All sums deducted in accordance with the provisions of sections 192 to 194, section 194A, secti...
1) Extract Zip file containing TDS certificate data in text form by using WinZip version 9.0 and above, WinRaR version 3.90 and above and 7-Zip version 4.65 and above. 2) Extract zip file by providing the TAN registration number. 3) Open the PDF converter utility by double clicking the file PDF Converter Utility.bat
Brief procedure for receiving Form 16A from TIN website: 1. Login to TAN Registration Account with user id, password and TAN. 2. Request Form 16A by carrying out verification by providing details of challan and deductees present in the TDS statement for which Form 16A is requested. 3. Form 16A will be provided on successful verification. 4. Two attempts within a day for successful verification are provided. 5. On successful verification, request number is generated and text file containing Form 16A details is e-mailed within 48 hours at the e-mail ID present in the registered TAN account.
Article explains How to Download TRACES PDF Generation Utility, Procedure to install TRACES PDF Generation Utility and Procedure to convert text file into PDF. Article also provides link from where such Utilities can be downloaded. Article explains how TRACES PDF Generation Utility should be used to convert text file for Form 16 / 16A into […]
This amendment is going to hit hard for those Income Tax Assessee’s (Majorly Salaried Employees) who used to make manipulative claims of allowances (LTA, medical, HRA etc) or deductions (Section 80C, 80D) in Return of Income and claims refund of TDS deducted from Salary.
Ideally, the value of Tax Deducted at Source (TDS) should be the same in Form 26AS and Form 16 or 16A. However, sometimes some clerical mistakes, some wrong entries, and some omissions cause inconsistencies between the data. To understand it more precisely and deeply, let us first understand what are these forms all about. Form […]
Article contains Brief Steps for Downloading Form 16A, Important Information on Form 16A and Pictorial Guide for Downloading Form 16A and PDF Converter Utility V1.4 L. 1. Brief Steps for Downloading Form 16A Step 1: Login to TRACES website by entering the “User ID, Password ,TAN of the Deductor and the Verification Code”. Step 2: […]
There are situations where due to technical non compliance or due to procedural aspects credit TDS is denied to assesssee despite he is having Form 16A issued by deductor in support of his claim. However, CPC or even AO denies credit of such TDS and restricts claim to TDS as per Form 26AS only.
The Central Board of Direct Taxes (CBDT) has issued Circular No.3/2011 dated 13 May 2011 & vide CBDT CIRCULAR NO-01/2012 dated 9th April, 2012 dealing with the TDS certificate to be issued in Form 16A for taxes deducted at source from FY 2010-11 as per the provisions of the Income-tax Act, 1961 (the Act) other than Section 192. Vide the said circular, the CBDT has provided guidelines on the issue of the Form 16A and the manner of authentication of the same (i.e. digital or man
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.
What is Form 16A and how is it different from Form 16? If you are not a salaried employee and work as a professional for an organisation and earn fees, then the certificate that shows TDS details deducted while making payments to you is Form 16A.
