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TDS Certificates

Sagarika (CA) (41 Points)

07 February 2008

According to IT Act Deductor has to issue TDS Certificate monthly.Is there any possibility to give TDS certificate yearly?

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5 Replies

Manjunath (Senior Accounts Manager) (44 Points)
Replied 07 February 2008

Hi, You can issue TDS certificate yearly also, it depends on client requisition

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M.Sriram Shenoy (CA Final) (814 Points)
Replied 07 February 2008

Yes. You can issue a TDS certificate for a year, if your client accepts such practice. But, while issuing TDS certificate for a year at one stretch, ensure that it is issued within one month from the end of the relevant financial year.

Venkatesh Rao (Service) (135 Points)
Replied 07 February 2008

If the turnover/activities is high it is better to give monthly/Qrtly for administrative purpose

V Chandramouli (Addl. Manager - Corporate Acco) (49 Points)
Replied 08 February 2008

yes, you can issue TDS Certificates on a yearly basis provided the daetails as to month of deduction and remittance for the 12month period has to be listed with totals and should be issued before 30th of April