TDS Certificate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 January 2011
Sirs,
Can anybody confirm that for the AY 2011-12, a consolidated TDS certificate can be issued if the deductee wants consolidated TDS certificate for 4qtrs of Assessment year 2011-12 instead of issuing one certificate for each quarter ? Please give refernce also.
Sirs,
Can anybody confirm that for the AY 2011-12, a consolidated TDS certificate can be issued if the deductee wants consolidated TDS certificate for 4qtrs of Assessment year 2011-12 instead of issuing one certificate for each quarter ? Please give refernce also.
12 January 2011
Rule 31 of IT Rule governs the manner and time limit for issue of TDS certificates. There is a proviso to Rule 31(3) which states as follows
Provided also that where more than one certificate is required to be furnished to a payee for deductions of income-tax made during a financial year, the person deducting the tax, may on request from such payee, issue within one month from the close of such financial year a consolidated certificate in Form No. 16A for tax deducted during whole of such financial year.
Provided also that where more than one certificate is required to be furnished to a payee for deductions of income-tax made during a financial year, the person deducting the tax, may on request from such payee, issue within one month from the close of such financial year a consolidated certificate in Form No. 16A for tax deducted during whole of such financial year.
12 January 2011
yes so by looking on the above rules you can issue
12 January 2011
The Rules have since been amended. Please view Notification No. 41/2010 [F.No. 142/27/2009-SO(TPL)], dated 31-5-2010.
Source: http://www.etaxindia.org/2010/06/income-tax-sixth-amendment-rules-2010.html
Also study Article published in Dec 10 Issue of The Chartered Accountant (ICAI Journal)
Source: http://www.etaxindia.org/2010/06/income-tax-sixth-amendment-rules-2010.html
Also study Article published in Dec 10 Issue of The Chartered Accountant (ICAI Journal)
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