TDS CERTIFICATE F O R M 1 6 A -FORM 16A- THE TDS CERTIFICATE OTHER THAN SALARYFILING INCOME TAX RETURNS www.eazybills.com 7068073935
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FORM 16A- THE TDS CERTIFICATE
A deductor issues Form 16A for the TDS certificate, a quarterly statement concerning the nature of payments, the amount of TDS, and the deposited TDS payments to the Income Tax department. It includes brokerage, interest, professional fees, contractual payment, rent, etc.
Receipts from a business or profession
Sale Proceeds from Capital Assets
Additional sources
Deductor's Information- This would comprise necessary information concerning the individual who should make the payment. The data would include elements such as the Name and Address of the Deductor.
FORM 16A FORMAT
Form 16A consists of the following important elements:
Deductee's Information- This section would comprise the name and address of the individual and earnings.
Deductor's Unique Identification- This section would consist of the PAN and TAN of the Deductor.
Deductee's Unique Identification- This section would consist of the PAN of the Deductee.
Total amount due to the Deductee- This section would comprise the total payments made to the Deductee.
IMPORTANCE OF FORM 16A
Filing of Income tax returns- The information in Form 16A helps employees file Income Tax returns correctly. It assists employees in reporting their total income, including salary and other sources.
Tracking of TDS- It helps every individual to keep an eye on Tax deducted at source (TDS) on their income. It provides a summary of TDS deducted at source. Income Proof- This form works as proof of an individual's total earnings from other sources. Government agencies and financial institutions widely accept this source.
HOW TO DOWNLOAD THE PDF OF FORM 16A
01 02 03 04
LOGS IN TO TRACES (BY DEDUCTOR)
GO TO THE DOWNLOADS TAB
SELECT FORM 16A
ENTER THE DETAILS AND CLICK ON GO
DIFFERENCE BETWEEN
FORM 16, FORM 16A, FORM 16B
It is a TDS certificate on income other than salary, like returns on investment, returns on fixed deposit, etc. Financial institutions are bound to issue Tax Deducted at Source certificates at a rate specified by the Government.
Form 16 Form 16 A Form 16 B
The most common financial document all working employees come across while filing their Income Tax Returns (ITR). It is a TDS certificate on salary if it is above 2.5 lakhs per financial year.
It is the TDS certificate on the sale of property. According to the rules of the Government of India, any person who purchases a property like a building or land is liable for Tax Deducted at Source.
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