Rule 31

Issuance of TDS Certificate

1. Issuance of TDS certificate [Section 203]

Person deducting tax at source in accordance with the provisions of the Act is required to issue to the person from whose income tax is deducted a certificate in the prescribed form to the effect that tax has been deducted. Rule 31 prescribes the time limit and form for TDS certificate. Recently Income Tax (Sixth Amendment) Rules, 2010 has substituted rule 31 w.e.f. 1-4-2010. The procedure prescribed by substituted rule 31 shall be applicable in respect of tax deducted on or after 1-4-2010.

2. Form and periodicity of TDS certificate

As per sub-rule (1) of substituted rule 31 the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B or the certificate of payment of tax by the employer on behalf of the employee under section 192(1A) shall be in --

(a) Form No. 16, if the deduction or payment of tax is under section 192 and section 194P; and

(b) Form No. 16A if the deduction is under any other provision of Chapter XVII-B.

As per sub-rule (3) of rule 31, the time, form and periodicity for issuance of TDS certificate shall be as under --