Circular No. 01/2012

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CBDT CIRCULAR NO- 01/2012
E No. 276/34/201 4-1T(B)
Government of indla )
Ministry of Finance
Department of Revenue 7
Centra) Board of Direct Taxes.
, New Dolhi, the eth Apri 2012. 3
—— seuance of TDS cartificates In Form No. 16A downloaded from TIN website - Circular under |
goctlon 119 of the Income-tax Act 1961. 1
4 Section 203 of the Income-tax Act 1961 (“the Act’) read with the Rula 31 of the income-tax Rules 1962
(the Rules’) provides for furnishing of certificate of tax deduction at sources (TOS) by the deductor to the deductae epecifying therain the prescribed particulars ke amount Of TDS, permanent accaunt nuMoer (PAN). tax deduction and collection account number (TAN), et6. The relavant form for auch TOS
eartificate ia Form No.16 in case of deduction under section 492 and Form No. 16A for deduction under any other provisions of Chapter XVII-6 of the Act TDS cartificate In Form No.16 is to De issued annually whereas TOS eartificate In Form No. 16A Is to be issued quarterly,
. For deduction of tax at source made on or after 01.04.2011, Circular No, 03/2011 dated 43.06.2011
stipulated mandatory issue of TOS certificate In Form No. 16A generated through TIN Central System and which i6 downloaded from the TIN wabsile cw, tinsnsdl. com) with the unique TOS certificate number In eases of COMPANY Including 4 banking company lo which the Banking Requiation Act. 1949 applies and any bank OF banking institution, raferred {0 In section §1 of that Act or a cooperative society engaged in carrying we business Of banking. For other deductors, guch stipulation was optional. Moreover, oureuant to the issue Of the said circular, & deductor issuing Form No. 16A generated through TIN Central System and which 's downloaded from the TIN website had an option to authenticate such TOS certificate by using digital signature.
3. With a view to further strengthen the administration of the issue of TDS and for proper admniniatration of the Act the Board have, In exefcise of powers under eaction 119 of the Act, decided the following:
4.4 ISSUE OF TOS CERTIFICATE IN FORM NO. AGA
(l) For deduction of tax at source made on or after 64.04.2012: All deductors (including government deaductors Whe deposit TOS in the Central Government Account through book entry) shall igaue TOS
certificate in Form No. 18A generated through TIN central sysi8m and which is dawnloaded from the TIN
website with unique TOS certificate aumber In respect of all sums daducted on OF after the 1st day of
April, 2012 under any of the provisions af Chapter-AVII-S other than section 192.
in other words, (ne ‘ssuance of duly verified TOS certificate in Form No. 18A, by the deductor of any catagory shail henceforth be ony through TIN Central System. Thea daductor shall therefore, download such certificate from the TIN Central System, verify (ne correctness of the contents mentioned therein and authenticate the correctness of the contents before lasue of the said certificate.
(il) For deduction of tax at source made between 94,04.2011 to 44.03.2012: The stipulation prescribed In para 4. 1 of the Circular No. 3/2014 dated 43.06.2011 shall cantinue to apply.
4.2 AUTHENTICATION OF TOS CERTIFICATE IN FORM NO.16A

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. (i) THe deductor, issuing the TDS certificate in Form No.16A by downloading fram the TIN wapsite shall authenticate such TDS cortificate Dy either using digital signature or manual signature.
(jij Where the deduction has been done between 4" April, 2011 and 31" March, 9912 and the daductor | |
being other (nan a company! bank of banking institution! 8 cooperative society engaged in carrying the business of banking and who do not issue the TDS Certificate in Form No. 16A by downloading from the a
TIN website shall authenticate guch TDS certificate In Form No. 16A DY manual signature only: :
5 The Director General of income-t8x (Systems) shall specify the procedure, formate and standards for tha purpose OF aguance of TDS certificate In Form No.16A which 's downloaded from the TIN website |
and shall be responsible for the day-to-day administration: in relation to the procedure, formats and standards for issuance of TDS certificate in Corm No.16A In electronic form. |
6. it io further clarified that TDS certificate isaued In Form NO. 146A by the deductors in terms of pare 4,1 |
rand with para 4.2 above and in accordance with this cireular alongwith procedure, format and standards :
spacified by the Director General of Income-tax (Systems) shall only be treated as a valid TDS cartificate
‘4 Farm No. 16A for the purpose Of action 203 of the Act read with Rule 31 of the Rulas.
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7 Hindi vercion shall follow. |
, al \\
(Tajblr singh)
Under Secrotary (Budget) |
To
Aj] Chief Commissioner of Income-Tax (CCA)
AN CIT (TDS) | ~
AN DG's
A}l Divisions of CBDT up t Under Secretary. |
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