Monday, August 22, 2016

Form 16A Format

The components and particulars that make up the Form 16A are:
1.Name and PAN and TAN of the deductor - this can be the bank from where your TDS is deducted at source or insurance companies from where TDS is applicable, or any other person/place you receive income from and on which TDS is applicable.
2.Name and PAN of the deductee - These details will be of the individual who is receiving the TDS benefits.
3.Date of payment, amount of the payment, and the nature of payment.
4.The receipt number of the TDS payments

All these details need to be mentioned in the Form 16A are required to be mentioned when filing Income Tax returns. The Form 16A is a TDS Certificate carrying all amounts of TDS nature being actually deposited with the Income Tax Department. When payments from non-Salary incomes are made, the deductor like - TDS Professional fees, Rent, Bank Interest payments to the IT Department they issue a "TDS Certificate"

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