Penalty/Interest for late issue of Form No. 16, 16A

[manoj gupta]

For assessment year 2010-11, form 16,  Form 16A has to be issued upto 30.04.2010 except the cases in which TDS is to be deposited by 31st May. What is the penalty/interest for issuing form 16/  Form 16A after the due date as applicable. 2) What is the procedure to follow if some TDS has been deposited in June 2010 in addition to TDS deposited in normal course during the year on salary. How to issue form 16, What is the due date.

AI Summary

Penalties for Late Issuance of Form 16/16A for 2010-11: Review Sections 271C and 272A for Guidance. A discussion participant inquired about penalties or interest for late issuance of Form 16 and Form 16A for the assessment year 2010-11, which were due by April 30, 2010, except for certain TDS cases due by May 31. They also asked about procedures for issuing Form 16 when additional TDS was deposited in June 2010. The response directed them to review penalty provisions under sections 271C and 272A.