Subject: Procedure, format and standards for issuance of certificate for tax deducted at
source in Part B of Form No. 16 in accordance with the provisions of section 203
of the Income-tax Act, 1961 read with the Rule 31 of the Income-tax Rules,
1962 through TRACES- reg.
Section 203 of the Income-tax Act.1961 (“the Act”) read with the Rule 31 of the Income-tax Rules 1962 (“the Ruies”) stipulates furnishing of certificate of tax deduction at source (TDS) · by the deductor to the deductee
specifying therein the prescribed
particulars such as amount of TDS valid permanent account number (PAN) of the
deductee, tax deduction and collection account number (TAN) of the deductor, etc. The relevant form for TDS certificate in case of deduction under section 192 of Chapter XVII-B of the Act is Form No 16 which is to be issued annually. TDS Certificate in Form No 16 has two parts viz. Part A and Part B (Annexure). Part A contains details of tax deduction and deposit and Part B (Annexure) contains details of income.
(Annexure) of Form 16’ and ‘Annexure: II of Form No. 24Q’ in Appendix II to the Income tax Rules, 1962
have been amended.
Income tax Rules, 1962, the Principal Director General of Income-tax (Systems) hereby specifies the procedure, formats and standards for the purposes of generation and download of certificates from “TDS Reconciliation Analysis and Correction Enabling System” or (https://www.tdscpc.gov.in) (hereinafter called
TRACES Portal), as below:
1st day of April, 2018:
Government Account through book entry) shall be able to issue the TDS certificate in Part B of Form No. 16 (by generation an download through TRACES Portal) in respect of all sums deducted on or after the 1st day of April, 2018 under the provisions of section
192 of Chapter XVII-B provided that the relevant TDS statement for the fourth quarter
i.e. Form 24Q is furnished alongwith duly filled in Annexure II of Form 24Q as substituted vide Central Board of Direct Taxes Notification No. 36/2019 dated 12.04.2019. To ensure generation of accurate TDS certificate in Part B of Form No. 16, the deductor (s) need to report correct data in Annexure II of Form 24Q. The TRACES generated Form No. 16 shall have a unique TDS certificate number.
10(k) before furnishing of Part B (Annexure) to the employee. The deductors who opt to authenticate Part B of Form No. 16 manually will be provided with the download of the Part B of Form No. 16 alongwith these item nos. 2(f) and
10(k) appearing at the bottom of the Form. The deductor shall duly fill details, where applicable, in item numbers 2(f) and
10(k) before furnishing of Part B (Annexure) to the employee. The deductors who opt to authenticate Part B of Form No. 16 using Digital Signature Certificate (DSC) will be provided with the download of Part B of Form No. 16 without item nos. 2(f) and 1O(k) and therefore these details shall be required to be prepared by the employer and issued to the employee, where applicable, before furnishing of Part B to the employee.
PPS to the Chairman and all Members, CBDT, North Block, New Delhi.
All Pr. Chief Commissioners/Pr. Director Generals of Income-tax/Chief Commissioners of Income-tax/Pr. Commissioners of Income-tax/Commissioners of Income-