Timely issuance of TDS certificates required - banks must deliver Form 16A promptly to enable timely tax filing. Banks must provide depositors whose tax has been deducted at source with TDS certificates in Form 16A within the time-frame prescribed under the Income Tax Rules; banks should implement systems to ensure timely issuance and avoid last-minute delays. The advisory, aimed at protecting depositor interests and improving customer service, is issued under Section 36(1)(a) of the Banking Regulation Act, 1949.
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Provisions expressly mentioned in the judgment/order text.
Timely issuance of TDS certificates required - banks must deliver Form 16A promptly to enable timely tax filing.
Banks must provide depositors whose tax has been deducted at source with TDS certificates in Form 16A within the time-frame prescribed under the Income Tax Rules; banks should implement systems to ensure timely issuance and avoid last-minute delays. The advisory, aimed at protecting depositor interests and improving customer service, is issued under Section 36(1)(a) of the Banking Regulation Act, 1949.
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