Form 16

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Sunil Jadhao (Querist)
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22 February 2015 Please tell me, To provide form 16 to employee is employers responsibility by means of rule or law OR employee himself.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 February 2015 It is as per Income tax Rules.
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 TRACES Portal.