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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>CBDT: Deductors Must Issue Part A of Form 16 via TRACES Portal for Post-April 2012 Deductions by May 31.</h1> The circular issued by the Central Board of Direct Taxes mandates that all deductors, including government entities, must issue Part A of Form No. 16 for tax deductions made on or after April 1, 2012, by generating and downloading it from the TRACES Portal. This form must have a unique TDS certificate number and be authenticated either manually or digitally. Part B of Form No. 16 is to be prepared manually by the deductor. The deadline for issuing Form 16 is May 31 following the financial year of income payment and tax deduction. The Director General of Income-tax (Systems) will oversee the procedures for downloading Part A.
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