Is this mandatory to issue TDS Certificate on Quarterly Basis from the F.Y.2010-2011. Also,if TDS Certificate isn't issued on Quarterly Basis, Can it be issued Yearly like past.
14 May 2011
There is no need to issue TDS certificates on quarterly basis. You can issue it on yearly basis. Under the new provisions, the TDS certificate does not have much relevance, but still it is better you issue it for the information of the deductee.