Issue of form 16a download

To convert it into pdf format, you need to download the pdf convertor utility from traces. Now onwards, form 16a text file will be available at traces. Form 16 is for salary income, whereas form 16a is applicable for tds on income other than salary. Form 16 a can be downloaded from fy 2007 08 onwards. Jul 26, 2019 in simple words, form 16 is a certificate that your employer would issue to you at the end of a fiscal year. The objective of form 16 and form 16a is the same as they are both tds certificates and the difference lies in the issuing body. The tds amounts reflected in form 26as and form 1616a should always be the same. However, you have not yet downloaded tds certificates forms 16.

Section 203 mandates that the employer shall deduct tax at source and issue certificates in the forms 16 and 16a to the deductees as a proof of the same. The form 16 download can be done either through the income tax portal of the indian government or the form 16 download can be done by the employer. Download form 16a from tin nsdl mandatory for companies. Jan 25, 20 form 16a text file will be available only after you have submitted regular statement in form 26q27q and the same has been processed at tds cpc. If i am receiving my pension through a bank who will issue form 16 or. Now it is mandatory for all type of deductors to issue form 16a non salary tds certificate only after downloaded the same from the tinnsdl website for tax deducted on or after 01. Form 16a is generally issued by banks for the tds deducted on the interest income earned on fixed recurring deposits. Nov 22, 20 22 november 20 if the assessee doesnt provide the form 16a within the time limit provided, then he shall be violating rule 26a and rule 31 of the incometax rules 1962. How to download form 16 and form 16a from trace portal. While entering validation details for downloading form 16a text file, i am. Aug 27, 2018 click download button form 16a fill all details and click go button click submit button fill details and click submit button fill details and click proceed with transaction step2 after one or two days download tds certificate click download and click request download enter request number and click go button.

Jul 19, 2019 after revising the information to be provided in partb of form16, cbdt has issued another notification where it has made it mandatory for employers to download and issue partb of form 16 to employees only from the traces portal. Jan 30, 2014 how to download tds certificate in form 16a from traces. Form 16 is the certificate issued under section 203 of. Form 16 a is a certificate of tax deduction at source that the employers issues to its employees as proof of the tds. It is now mandatory for all deductors to issue tds certificates after generating and downloading the same from tds reconciliation analysis and. If you are a freelancer, your clients will issue you form 16a if they have made tds deductions from payments they make to you.

Earlier this was mandatory for only companies,banks and cooperative societies engaged in banking services with effect from 01. So manually field form 16a cannot be issued for tax deducted on or after 01. Tds certificates downloaded from traces are noneditable. Form 16a is given as tds certificate for tds deducted on income other than salary income. How to download and prepare tds certificates issue of certificates. How to download tds certificate in form 16a from traces. How to download form 16 part a from tdscpc website citehr. Form 16a is to be issued for deductions other than salary. If your employer deducts tds from your salary, then he must issue your form 16 as it is a tds certificate which reflects the tds is deposited to. Within fifteen days from the due date for furnishing the statement of. Form 16c tds certificate for rent download form 16c. Download income tax forms form 16 a, itr forms etc.

Form 16 can only be downloaded and issued by your employer. After revising the information to be provided in partb of form16, cbdt has issued another notification where it has made it mandatory for employers to download and issue partb of form 16 to employees only from the traces portal. Form 16a is given to you when banks take tds on the interest. For access to form 16a, deductor collector are advised to login to traces. This form is an annual statement indicating all the tax related information tds, tcs, refunds, etc. In such instances, they are bound to provide you with form 16.

The deductor, being a person other than the person referred to above, may, at his option, issue tds certificate in form no. Downloading form 16 and 16a is mandatory as per the recent changes to income tax rule, 1962. Form 16a was not made available on the same day but on 31072015, and then i downloaded the same for issuing form 16a to deductees. Jun 17, 2016 the income tax department has set time limits for issuing of tds certificates form 16 and 16a by the deductors. Check the status of the pans for which form 16 16a has not been generated.

In simple words, form 16 is a certificate that your employer would issue to you at the end of a fiscal year. Form 16a is a tax deducted at source tds certificate provided along with the form 16. The relevant form for such tds certificate is form no. Download form 16 part b from traces before issuing to deductees. Check here the tds rate chart for income other than salary for fy 201516.

How can i download utility to convert form 16 16a text file into pdf. Different tds certificates and their due dates issue of. Due date form 16a tds certificate changed income tax india. Step by step guide to download form 16a form 16 is a certificate, where the employer is certifying details regarding the salary you have earned during the year and how much tds has been deducted. Mar 19, 2019 step by step guide to download form 16a form 16 is a certificate, where the employer is certifying details regarding the salary you have earned during the year and how much tds has been deducted. The content of form 16a is similar to part a of form 16. Download traces pdf converter utility learn by quicko. May 09, 2014 as per the recent changes to the it rule every employer has to download part a from traces portal. Form 16a text file will be available only after you have submitted regular statement in form 26q27q and the same has been processed at tds cpc. Penalty for not downloading tds certificate resolved. Last updated on name and address of the deductor name and address of the deductee permanent account number or aadhaar number of the deductor tan of the deductor permanent account number or aadhaar. How to download tds certificate in form 16a from traces youtube. Form 16a is issued under income tax act, section 203.

How to download form 16 part a from tds cpc website taxguru. The deductor has to be registered at the traces portal. Also, the form has space to add details on the income that you earned and the tds that was deposited subsequently. Will it constitute default on part of deductor to download form 16a within due date from traces or will it be ignored.

Password to open form 16 a is tan number in capital letters i. The belowmentioned details are available in form 16a and this needs to be furnished when one is filing the income tax return. Earnings from other sources, such as returns on investors deposits, mutual funds, gold bonds and other capital gains, may be available to an individual. This notification relates to etds returns covered under rule 31a means for quarterly returns 24qsalary 26qsection 193 to 196d except entries covered in 27q and 27q. Frequently asked questions faq on form 16 16a tdsman blog. Delay in download of tds certificate attracts penalty. Many of these returns have income tax at a rate determined from time to time by the government and in this case financial institutions are obliged to withhold tax from their source, and have to issue the form. Form 16a difference between form 16 and form 16a paisabazaar. Last date for issuance of the tds certificate form 16a for quarter 1 of fy.

Download tds certificates at traces within due date reminder. Earlier there was a big confusion about this issue as the form 16 and 16a are available to download from the tin website but converting the file to pdf was not easy. The provisions in the income tax act make it compulsory for an employer to issue form 16 to his employee if tds has been deducted from his salary. Tds certificate in form 16 is to be issued annually whereas tds certificate in form 16a is to be issued quarterly. There is a common misconception that an individual a download form 16 on traces website using the pan number. The income tax it act, 1961 and it rules 1962 govern the payment of income tax by all income earning individuals, companies, organizations, associations and trusts as the case may be.

On the other hand, form 16a indicates the tds deducted on the income other than salary. If not, still form 16a is very important paper for filing income tax return. In simple words, form 16a is the tds certificate for income earned other than salary. What is tds certificate form 16 or 16a your finance book. Procedure to convert form 16 and 16a zip file to pdf file. Statement filed should not have been cancelled or nil statement. In the case of tds deduction, the employer issues form 16, before 31st march, i. In case downloaded late, there is penalty of 100 per day.

However, form 16a is not issued by the employer but by financial institutions, entities or people could be your tenant, who have deducted tax at source on your income other than the salary. Jun 18, 2016 form 16a was not made available on the same day but on 31072015, and then i downloaded the same for issuing form 16a to deductees. Form 16 comes into the picture if an employer deducts taxes at source. All about form 16 faqs advisory, tax and regulatory. This is the proof of tds deduction and assessee tax payers can file their return claiming refund if their total earnings below threshold limit. If there are discrepancies, the it dept will consider. The employer is required to issue form 16 on or before may 31 of the assessment year, so that you get enough time to file your income tax returns before the due. Form 16a is to be issued within 15days from the due date of etds return accordingly now 15 days. Reserve bank of india directed banks to issue form 16a on time to the customers. Process of downloading and creating form 16 and 16a in pdf. As the rule 31aa has not been amended so tcsform 27eq return due dates remains unchanged unless notified later. The changes in form16 have also made the form in sync with the itr. Click download button form 16a fill all details and click go button click submit button fill details and click submit button fill details and click proceed with transaction step2 after one or two days download tds certificate click download and click request download enter request number and. After downloading, a deductor will be able to issue it to the deductee.

Banks issue a form 16a when tds is deducted by them on interest earned by you in fixed deposits. Jan 25, 2019 download form 16c form 16c must be issued by persons deducting tds on rent under section 194ib. Az guide on form 16a download form 16a brainz media. On top of that, the form 16a download process is not that difficult either. The tenant must subsequently issue form 16a to the property owner. Employer should download the form 16 with time given by the income tax department. Jan 08, 2016 i am unable to download form 16 16a as the number of pans for which form 16 16a were submitted was higher, however the pdfs generated were less. A new website has replaced tinnsdl for tds return filing. These certificates provide details of tds tcs for various transactions between deductor and deductee. Under section 203 of the income tax act, 1961 the tax deducted at source tds other than from salary income, i. So, tds deductions that are given in form 16 form 16 a can be cross checked using form 26as.

It is mandatory to issue these certificates to tax payers. Form 16a files are available from fy 200708 onwards. These pans might be with inactive status or not present in the tds statement filed. Oct 15, 2018 in this case tds certificate form 16a is to be issued within 15 days of return quarterly example for apriljune,tds return is to be filed by 31 july certificate is to be downloaded quarterly by 15 days of 31 july ie 15 august tds salary we know that tds return 24q is to be filed quarterly. Now you are interested in how you can download form 16a. So if you have not registered you tan on traces then first register you tan at traces and start the procedure of download of form 16a. Download form 16c form 16c must be issued by persons deducting tds on rent under section 194ib. Further, nonissuance of form 16 under 203 shall be liable for penalty at the rate rs 100 each day under section 272a. Now it is mandatory for all type of deductors to issue form 16anon salary tds certificate only after downloaded the same from the tinnsdl website for tax deducted on or after 01.

All salaried individuals are eligible to get a form 16 from their employers. Form 16 is issued on deduction of tax by the employer on behalf of the employee under section 192 of it act, 1961. It can be downloaded from traces and considered as valid tds certificates, as per cbdt circular 0420 dated 17th april 20. In case of an invalid pan or if the pan is not reported in tds statement, form 16 a will not be.

The income taxit act, 1961 and it rules 1962 governs the payment of income tax by all income earning individuals, companies. Here is the process to download form 16 from the traces portal. The form comprises certain a set of details, such as name and address of the deductee and deductor, tan, pan, challan details, and more. Delay in download of tds certificate attracts penalty taxguru. Apr 10, 2012 the relevant form for such tds certificate is form no. Form 16 part b to be issued by downloading from traces. After logging in on the portal, they have to click on form 16 and form 16a under the download section. Sub procedure, format and standards for issuance of certificate for tax deducted at source in part b of form no. Form 16a is given to you when banks take tds on the interest income that you have accrued from fixed deposits. Form 16a is issued if the deduction of tax is under any other provision of chapter xviib of it act. As advised by income tax department, the facility to verify the form 16a issued by the deductor has been discontinued at tin. After logging into the portal you need to click on the form 16 and 16a section under the download menu. How to generate form16a for payments other than salary cleartax. Issuance of the tds certificate form 16a tdsman blog.

While form 16 shows the tax deducted at source tds for a salaried employee, form 16a is applicable for nonsalaried employee. Download request for form 16 a for a particular fy and quarter can be submitted only after form 26 q or 27 q statement for selected fy and quarter is filed by deductor and processed by tds cpc. For example, income earned through interest on your fixed deposits, mutual funds appreciation applicable on liquidation, income from rent. Jul 24, 2018 after filing returns you are giving 15 days time to download form 16a16 tell me can we issue form 16 to the deductees in the middle of the f.

Name of deductor this contains the name and address of the party that makes the payment and is deducted as a percentage of the income earned as tds. May 09, 2014 after downloading, a deductor will be able to issue it to the deductee. In this tutorial you will see the complete process of downloading tds certificate. Form 16 16a is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. By 15 th day of june of the financial year immediately following the financial year in which the income was paid and tax deducted. Form 16 has to be issued every year for a single financial year and for a pan. You can know more about form 16c and the due date for furnishing form 16c here. The deductor can download form 16 or form 16a from his account on traces. After filing returns you are giving 15 days time to download form 16a16 tell me can we issue form 16 to the deductees in the middle of the f. Penalty for late issue of tds certificate tds interest and. It is the certificate of deduction of tax at source by any person in accordance with chapter xviib of it act. The form 16 is only for salary income the form 16a is applicable for tds on income sources apart from salary. Delay in issuing certificates will involve a fine of rs.