TDS Certificates

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Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2011 Whether single TDS Certificate can be issued for full Year for F.Y.10-11 or is it compulsary to issue Quaterly TDS Certificates.
Kindly Help.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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09 May 2011 Yes..Compulsory to issue Quaterly TDS Certificates.

Issue TDS certificates as per procedure and within the time prescribed as stated below:

Salary (Form No.16)___By 31st day of May of the financial year immediately following the financial year in which the income was paid and tax deducted.

Non-Salary (Form No.16A)___Within fifteen days from the due date for furnishing the ‘statement of TDS’

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Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2011 Whether it is necessary to mention the address of Deductee in TDS Certificates.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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09 May 2011 Yes it should be mentioned. But even if you dont mention it TDS will get credited against respective PAN in 26AS.