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of <h1>Payers Must Issue TDS Certificates Even When Taxes Are Paid Net of Tax u/s 195A.</h1> Circular No. 785, dated 24-11-1999, addresses the obligation of payers to issue certificates for tax deducted at source (TDS) under Section 203 of the Income-tax Act, 1961. It highlights issues where payers refuse to provide such certificates when they bear the tax under agreements, paying net of tax as per Section 195A. The circular clarifies that even in these cases, payers must issue TDS certificates to the payee, ensuring compliance with the Act. It reiterates that the deducted tax is considered the payee's income, and credit for the tax is given upon presenting the TDS certificate.
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