Clarification in connection with Income-tax (Third Amendment) Rules, 2007 - Amendment to Forms used as certificates of deduction of tax at source (TDS) and collection of tax at source (TCS)
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Quarterly statement acknowledgement requirement clarified: deductors must quote issued acknowledgement numbers or state 'Not Available' if pending. The amendment requires deductors to quote the Acknowledgement Number for each Quarterly TDS statement as provided by the TIN Facilitation Centre or NSDL; only acknowledgement numbers actually issued to the deductor must be quoted. If the last quarterly statement has not been furnished and an acknowledgement number is unavailable at the time of issuing Form 16 or Form 16A, the deductor may record 'Not Available as the last Quarterly Statement is yet to be furnished.'
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Quarterly statement acknowledgement requirement clarified: deductors must quote issued acknowledgement numbers or state 'Not Available' if pending.
The amendment requires deductors to quote the Acknowledgement Number for each Quarterly TDS statement as provided by the TIN Facilitation Centre or NSDL; only acknowledgement numbers actually issued to the deductor must be quoted. If the last quarterly statement has not been furnished and an acknowledgement number is unavailable at the time of issuing Form 16 or Form 16A, the deductor may record "Not Available as the last Quarterly Statement is yet to be furnished."
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