TDS CERTIFICATE

TDS CERTIFICATE FORMS
The CBDT has issued Notification No 83/2007, Dated
26-3-2007 prescribing the new forms of TDS
certificates. These forms are:
• Form 16 TDS certificate for Salaries
• Form 16A TDS certificate for other than salaries
• Form 27D Certificate for tax collection at source
The new forms have come into effect with immediate
effect. This article will elaborate on the changes as
compared to old formats and other practical issues.
Time limit of issuance of TDS certificate
Periodicity and Due Date
Monthly Certificate
Form No 16A is to be issued for all the TDS deductions
made during a month. Such monthly certificates are to
be issued on or before the end of next month. For
deductions in February 2007, TDS certificate must be
issued on or before 31st March 2007.
Yearly Certificate
Form No 16
TDS certificate for salaries is always issued once a year
and the due date is 30th April of the assessment year.
Form No 16A
• The yearly certificate can be issued only if the
deductee so requests.
• Such yearly certificate which can be issued on or
before 30th April of the current assessment year.
• If there are provisional entries at the end of the year,
the certificate for the same can be issued on or before
7th of June, since, the last date of payment of
provisional entry is 31st May.
Based on above, it is clear that the following must be
issued in the new TDS forms
• Form 16 for FY 2006-2007
• Form 16A / 27D for February and March 2007
• Form 16A / 27D consolidated for FY 2006-2007
Changes in the forms
Form 16
1. 'PAN No. of the Deductor' instead of PAN/GIR No.
earlier
2. 'TAN No. of the Deductor' instead of TAN earlier

3. 'PAN No. of the Employee' instead of PAN/GIR No.
earlier
4. “TDS Circle where annual return u/s 206 is to be filed”
is removed completely.
5. New column - Acknowledgement Nos. of all quarterly
statements of TDS under sub-section (3) of section
200 as provided by TIN Facilitation Centre or NSDL
web-site
6. New line added after “Details of Tax Deducted and
Deposited”
(The Employer is to provide transaction-wise details
of tax deducted and deposited)
Form 16A
1. Heading 'For interest on securities --------- is
changed
2. 'PAN No. of the Deductor' instead of PAN/GIR No. of
the deductor earlier
3. 'PAN No. of the Payee' instead of PAN/GIR No. of the
payee earlier
4. TDS Circle where annual return u/s 206 is to be
delivered is removed completely.
5. New column - Acknowledgement Nos. of all quarterly
statements of TDS under sub-section (3) of section
200 as provided by TIN Facilitation Centre or NSDL
web-site
6. New line added after the “Details of Payment, Tax
deduction and deposited”
(The Deductor is to provide transaction-wise details
of tax deducted and deposited)
Form 27D
1. Heading 'For Collection of tax --------- is changed.
2. 'Name and address of the buyer or licensee or lessee
or a person who is awarded the contract' instead of
Name & address of the buyer earlier
3. 'Tax deduction and tax collection account no. of the
collector instead of Tax collection account no. of the
collector earlier
4. 'PAN No. of the Collector' instead of PAN/GIR No. of
the Collector earlier
5. PAN No. of the Buyer or Licensee or Lessee or a person
who is awarded the contract' instead of PAN/GIR No.
of the Buyer earlier.
6. Nature of goods referred to in the table in section
206C (1) or nature of contract or licence or lease
referred to in the Table in section 206C (1C)' instead
of Nature of goods referred to in the table in section
206C (1) earlier.
7. Circle where return u/s 206C (5A) is to be delivered is
removed completely.
8. New Heading - Acknowledgement Number of all
quarterly statements of TCS under sub-section (3) of
section 206C as provided by TIN Facilitation Centre or
NSDL web-site
9. New line added after the "Details of Payment, Tax
collected and deposited".
(The Collector is to provide transaction-wise details of
tax collected and deposited)

Analysis
Minor Changes
As is evident , the column TDS circle where Annual
Return is filed as TDS circle is removed , as this
identifiable on the basis of TAN.
Redundant expressions like GIR number of the deductor
or collector have also been dropped.

Major Changes
Quarter Wise Acknowledgement No.
The most significant change in the forms is about giving
details of Quarter Wise Acknowledgement numbers. The
format of the same is as follows:
Quarter Acknowledgement No.
1
2
3
4
Quarter Acknowledgement No.
• The details are to be given for all quarterly
statements.
• The details are as provided by TIN Facilitation Centre
or NSDL web-site. If the returns are filed at TIN
Facilitation Centre, a printed Acknowledgement is
provided. However, when the electronic returns are
filed online using digital signature, the number is
available at the filing web site.
• The most important question is about giving details
for all quarterly statements. For this we need to check
the due dates of filing quarterly statements. Please
refer to the table given below.
• Co-relating the due date of filing eTDS statements and
due of Monthly / Yearly TDS certificates, it is clear
that:
o For Monthly certificates for April and May, no
details of eTDS Acknowledgement Number can be
provided. Similarly for July and Aug, details of Q1
Acknowledgement Number can be provided.
o For Yearly certificates only details of Q1, Q2 and
Q3 eTDS Acknowledgement Number can be
provided.
• So unless the due dates of certificates and eTDS
statements is synchronized, details of all quarterly
Acknowledgement Number cannot be provided.
Payment-wise transaction-wise details
• The new forms specifically requires the deductor,
collector and employer to furnish payment-wise,
transaction-wise details of the tax deducted or
collected and paid to the credit of the Central
Government.
• Earlier, many deductors used to give one
consolidated figure of TDS deducted, mentioning
only the name of bank branch where amount was
deposited. Similarly , the TDS certificates issued by
institutions on interest on bonds etc. generally does
not give the details transaction wise. Such
certificates are printed on the back of interest
warrant. This change will make all such TDS
certificates invalid.
• The idea behind this is to facilitate matching of the
entries in the electronic returns with those in the TDS
certificates.
• Similarly employers will now have to provide details
regarding deposit of taxes each month, after deducting
from the salaries of employees.
• The changes in the tax forms are expected to provide
complete details to taxmen about the gross income of
employees and improve flow of income taxes on schedule
to the State Exchequer.

Due Dates of Quarterly e-TDS / e-TCS Statements

Qtr No :- Q1
Quarter:- April to June
Due Dates for Form NO.24Q/26Q :- 15th July
Due Dates for Form No.27Q :- 14th July
Due Dates for Form No. 27EQ :- 15th July

Qtr No :- Q2
Quarter:- July to September
Due Dates for Form NO.24Q/26Q : 15th Oct
Due Dates for Form No.27Q:-14th Oct
Due Dates for Form No. 27EQ:-15th Oct

Qtr No:- Q3
Quarter: Oct to Dec
Due Dates for Form NO.24Q/26Q: 15th Jan
Due Dates for Form No.27Q:-14th Jan
Due Dates for Form No. 27EQ:-15th Jan

Qtr No:-Q4
Quarter :-Jan to March
Due Dates for Form NO.24Q/26Q: -15th June
Due Dates for Form No.27Q: -14th April/14th June *
Due Dates for Form No. 27EQ:- 30th Apr

*If there are TDS deduction provisional entries as on the last date of the accounting year, then due date of return is 14th June. If there are no such entries, then it is 14th April