Issue of certificates for tax deducted at source under the various provisions of the Income-tax Act--Introduction of unified Form No. 16, effective from April 1, 1989--Regarding

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ril 1, 1989--Regarding. Circular No. 555 Dated 22/2/1990 Under the provisions of section 203 of the Income-tax Act, 1961, every person deducting tax in accordance with the provisions of sections 192 to 194, 194A, 194B, 194BB, 194C, 194D, 195 and 196A of the Income-tax Act, 1961, is required to furnish a certificate to the effect that tax has been deducted and to specify therein, inter a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... source could not be issued by the tax deductions in the said form in many cases and the certificates issued in the old form are not being accepted by the Assessing Officer for affording credit for tax deducted. This has put the assessees to considerable difficulty. In view of this, it has now been decided by the Board that the certificates in respect of tax deducted at source in the new Form No.1 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X