Friends, There are too many deductors in India who deduct or collect TDS or TCS and submit their statements timely. But they do not know about that they should have to issue Form 16 or Form 16A with in prescribed time. If they do not do accordingly, it attracts a penalty under the provisions of section 272A of the Act of Rs. 100/- per day for delay period. However TDS (CPC) has also communicated to all deductors vide his communication No./Date 3/21-June-2014 which is also given below :-
Dear Deductor,
As per the records of Centralized Processing Cell (TDS), the TDS Statements have been filed by you for different quarters for the Financial Year 2013-14. However, you have not yet downloaded TDS Certificates (Forms 16/ 16A) from our portal.
Please refer to the following provisions of the Income Tax Act, 1961 in this respect:
Please refer to the following provisions of the Income Tax Act, 1961 in this respect:
Downloading of TDS Certificates from TRACES made mandatory:
TDS Certificates downloaded only from TRACES hold valid:
Due Date for downloading and Penalty for non-compliance:
Assistance for downloading TDS Certificates from TRACES:
For any further assistance, you can also write to ContactUs@tdscpc.gov.in or call our toll-free number 1800 103 0344.
CPC (TDS) is committed to provide best possible services to you.
CPC (TDS) TEAM