FORM NO 16/16A

Clarification regarding new Form 16/ 16A
• Central Board of Direct Taxes had issued a
Notification vide S.O. 455 (E) dated 26th March, 2007
prescribing new Form No.16 and Form No.16A for
issuing TDS Certificate .
• One of the columns in each of these Forms requires
mentioning 'Acknowledgement Nos. in respect of all
Quarterly Statements of TDS under sub-section (3)
of section 200 as provided by TIN Facilitation
Centre or NSDL website'.
• It was pointed out that the deductor will not be able to
give the Acknowledgement No. in respect of
Quarterly Statements for the fourth quarter as the
TDS certificates 16 for TDS on salaries and 16A for
consolidated TDS certificate in respect of other TDS
payments are issued by 30th April whereas Quarterly
Statements for the last quarter, i.e. the fourth
quarter, are allowed to be furnished on or before 15th
of June.
• Now an explanation has been issued on April 25th
mentioning that
o Wherever fourth quarter return has been
submitted before issuing TDS certificate, the
same should be mentioned. The reason being
that fourth quarter return can be issued any time
after 1st April and 15th June is the last date.
o Wherever the same is not submitted, it is
suggested to mention “Not Available as the last
Quarterly Statement is yet to be furnished'
• The explanation however is silent about monthly TDS
certificate

SATBIR SINGH

PRESIDENT

JAB WE MET CA

REDEFINING PROFESSIONALISM......