TDS

This query is : Open

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.?

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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24 March 2009 1. for contractor also time limit is 1 month...

Shyam Lal Naik

Shyam Lal Naik (Expert)
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24 March 2009 There is provision for issue of consolidated certificate, if the deductee so desires.

The new form requirs the deductor to mention the TDS return's acknowledgement no., which is to be filed quarterly. If this is a mandatory field, how can certificates be issued on monthly basis?

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