ITR Filing: How to verify the validity of Form 16 – The Economic Times

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  • Last Updated on 28 October, 2020

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Aug 17, 2019
 
Chartered Accountant Naveen Wadhwa, DGM, Taxmann.com says:

“Every person (i.e., deductor) required to deduct tax as per Income-tax Act has to file TDS return to the Income-tax department providing details of the payee (i.e., deductee) and the amount of tax deducted by him. Consequently, he shall be required to issue TDS certificate in Form 16 Part A and Part B (in respect of salary income) or Form 16A (in respect of income other than salary) to the deductee. The TDS certificate is required to be issued by the deductor by downloading it from the TRACES website. Recently, the department has made mandatory for employers to issue even Part-B of Form 16 by downloading it from TRACES. Hence, deductor cannot use any third party software for issuance of TDS certificate.” 
 
 

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