Saturday, June 8, 2013

Another blow from TDSCPC(TRACES)

Non Generation of Form 16 Part A

A latest communication from TDSCPC(Traces) that  “TDS certificate in Part A of Form 16 shall be generated only for those PANs that have been reported in Annexure II of 24Q statement for 4th quarter. The deductors are, therefore, advised to ensure that they provide salary details of their employees -employed for whole or part of the year in Annexure –II of Quarterly TDS Statement for 4th Quarter.”

 All it means that the employee transferred to another location (Different DDO with Different TAN)  during the year will not be able to get their Form 16 Part A generated from the traces for the period earlier served . This is another blow from TDSCPC as it has not been able to communicate this mess well in time and this redressal in their opinion which is not to the deductors only after receiving complaints from the deductors that they are not able to generate these form in respect of their employees who has been transferred. Transferred employee will be getting Form 16 Part A only for the period where they have served last and deduction if any made their(Not for Full year) in the financial year despite of the fact that their full particulars of salary  has been provided by the DDO where last served in their return of 24Q4

Now their salary particulars have to filed again(Even false as correct salary details has laready been filed by the DDO whee last served)  by the earlier DDO by revising their TDS returns of 24Q4 to get rest of the deduction certificate for the period earlier served. The entire system has been put into mess by the TDSCPC by not taking proper action well in time. 

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