9911796707
TMI Blog(1) Issue of certificates for tax deducted at source under various provisions of the Income-tax Act, 1961--Replacement of Form No. 16 with new Forms Nos. 16, 16A and 16B (2) Change in date(s) of filing annual return(s) of tax deducted at sourceX X X X Extracts X X X X X X X X Extracts X X X X ..... 194B, 194BB, 194C, 194D, 194E, 195 and 196A is required to furnish a certificate to the effect that tax has been deducted and to specify therein, inter alia, the amount deducted, and, any other particulars that may be prescribed. The certificate has to be furnished within the period prescribed under rule 31 of the Income-tax Rules, 1962, to the person to whose account credit is given or to whom payment is made or the cheque or warrant is issued, as the case may be. 2. With a view to streamlining the work of issuing of certificates for tax deducted at source, and avoiding the problems experienced in the use of the unified Form No.16 [which was brought into force with effect from 1-4-1989, vide Notification No.S.O. 937(E), dated 10th Octob ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it-holders of Mutual Fund. (v) Forms Nos.16 and 16A can be issued on private stationery of the tax deductor or the printed forms available in the market, without approaching the Income-tax Department. However, these forms must be in the prescribed proformae. (vi) Form No.16B shall be issued on a paper serially numbered and printed by the Central Government in book form and supplied for a consideration to the person deducting tax at source on an application made by him in Form No.17 to the Chief Commissioner or Commissioner of Income-tax having jurisdiction over him in this regard. However, in the case of companies which have adopted computerisation for furnishing such certificates, the Commissioner of Income-tax can waive the stipulati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y by the aforesaid Notification of 28th February, 1991. Form No.24 has also been modified, vide Notification S.O. 220(E) dated 26th March, 1991 (See [1991] 188 ITR (St.) 111). The return this year may be filed in the new form. 5. For ready reference, the Table below rule 37, which specifies the Form numbers and the months by the end of which the annual returns of tax deduction have to be filed, is reproduced below: Sl. No. Nature of returns Form No. Month (1) (2) (3) (4) 1. Annual return of deduction of tax under section 192 from 'Salaries' 24 May 2. Annual return of deduction of tax under section 193 from 'Interest on securities' 25 Ju ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [ N.B. - Deduction of tax at source under section 194H was applicable during the period 1-10-1991 to 31-5-1992 only]. It may be mentioned that if a person fails to furnish, in due time, any of the aforesaid annual returns, he shall be liable to pay penalty under section 272A of the Income-tax Act, at the rate of a minimum of rupees one hundred and a maximum of rupees two hundred per day for the period of default. 6. This may please be brought to the notice of all Disbursing Officers of the Departments of Government of India, State Governments, Public Sector Undertakings, etc. In case any assistance is needed, the Income-tax Officer concerned and/or the Public Relations Officer of the Income- tax Department may please be approache ..... X X X X Extracts X X X X X X X X Extracts X X X X
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