TDS

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Ajith R Chandra (Querist)
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24 March 2009 Well i have got the following query in relation to issued of Form 16A

1. In relation to TDS on Contractor payment. What is the time limit for Issue of TDS Certificate?

2.Income Tax Act says that Form16A shall be issued on monthly basis. So whether One FORM16A annually would suffice.?

Sorabh Gupta

Sorabh Gupta (Expert)
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24 March 2009 Dear Ajith

In relation to issuance of TDS certificate , the time limit is " With in one month from the end of month in which payment was made "

Yes you can issue a single certificate, in that case you should take a declaration regarading the issuance on single certificate from the party.