We would like to inform you that as per the Notification 04/2013 dated 17.04.2013 it is mandatory for all deductors to issue TDS certificates (Form No.16/16A) after generating and downloading the same from TRACES Portal within the following due dates.
Failure to comply with the above will attract penalty of Rs.100/- every day under the provisions of section 272A of the Act, during which the failure continues.
Sr. No.
|
Form
|
Periodicity
|
Due Date
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1
|
16
|
Annual
|
By 31st day of May of the financial year immediately following the financial year in which the income was paid and tax deducted
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2
|
16A
|
Quarterly
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Within fifteen days from the due date for furnishing the statement of tax deducted at source under rule 31A
|
Failure to comply with the above will attract penalty of Rs.100/- every day under the provisions of section 272A of the Act, during which the failure continues.
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