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of <h1>Central Board accepts old tax deduction certificates for 1989-90 u/s 203, easing taxpayer difficulties.</h1> Under section 203 of the Income-tax Act, 1961, individuals deducting tax must issue a certificate detailing the tax deducted. Effective April 1, 1989, Form No. 16 was introduced for this purpose. Due to a shortage of these new forms, many tax deductors issued certificates in the old format, which were initially not accepted by Assessing Officers. To alleviate difficulties faced by taxpayers, the Central Board of Direct Taxes decided to accept old form certificates for the assessment year 1989-90, provided their authenticity is verified by Assessing Officers.
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