16 b certificate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2015
is there any penality if we do not downloading 16B TDS Certificate available on traces website within 15 days?
05 June 2015
but y to delay better download it and preserve for future purpose.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2015
I don't know the exact details so i am not downloading that's a reason i asked whether there is any penalty if we don't download?
05 June 2015
there is no penalty for late downloading.
Message likes :
1 times
05 June 2015
There is a penalty for this please refer this http://taxguru.in/income-tax/delay-download-tds-certificate-attracts-penalty.html
07 June 2015
Agree with Jugal ji.
Please refer section 203 of Income Tax Act 1961 along with Rule 31(3A).
"every person responsible for deduction of tax under section 194-IA shall furnish the certificate of deduction of tax at source in Form No.16B to the payee within fifteen days from the due date for furnishing the challan-cum-statement in Form No. 26QB under rule 31A after generating and downloading the same from the web portal specified by the Director General of Income-tax (System) or the person authorised by him."
Penalty for contravention is levied u/s 272A: Delay in issue of TDS certificate shall result in penalty of Rs. 100/- for each day of default not exceeding amount of tax deductible/collectible.
Please refer section 203 of Income Tax Act 1961 along with Rule 31(3A).
"every person responsible for deduction of tax under section 194-IA shall furnish the certificate of deduction of tax at source in Form No.16B to the payee within fifteen days from the due date for furnishing the challan-cum-statement in Form No. 26QB under rule 31A after generating and downloading the same from the web portal specified by the Director General of Income-tax (System) or the person authorised by him."
Penalty for contravention is levied u/s 272A: Delay in issue of TDS certificate shall result in penalty of Rs. 100/- for each day of default not exceeding amount of tax deductible/collectible.
07 June 2015
To know how to download and tutorial for downloading form 16B check out the link given below:
http://www.charteredclub.com/form-16b/
http://www.charteredclub.com/form-16b/
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
