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Untitled PostCorporates and banks mandated to issue Form 16A downloaded from TIN central system

posted 6 Jul 2011, 23:05 by CA Naresh Shah
CBDT has issued a Circular No. 03/2011 dated May 13, 2011as per which TDS Certificates in Form No. 16A will be generated from Tax Information Network (TIN). It is mandatory for Companies and Banks to issue Form 16A from TIN to their deductees for deductions made from April 1, 2011 (F.Y. 2011-12 onwards). Taxpayers are advised to insist on Form 16A (quarterly TDS certificate) that has been downloaded by the Deductors from TIN Central System only.