Procedure, format and standards for issuance of certificate for tax deducted at source in Part B of Form No. 16 in accordance with the provisions of section 203 of the Income-tax Act, 1961 read with the Rule 31 of the Income-tax Rules, 1962 through TRACES - 09/2019 - Income Tax

CBDT Details Process for Issuing Form 16 Part B via TRACES for TDS u/s 203, Post-April 2018 Deductions.

The Central Board of Direct Taxes outlines procedures for issuing Part B of Form No. 16 for tax deducted at source (TDS) under section 203 of the Income-tax Act, 1961, through the TRACES portal. This applies to deductions made on or after April 1, 2018. Deductors must ensure accurate data in Annexure II of Form 24Q for correct TDS certificates. Certificates must be authenticated manually or digitally before issuance. Items 2(f) and 10(k) in Part B require manual entry. Form 16 should be issued by June 15 following the financial year of income payment and tax deduction.