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Form 16A: TDS on Income other than Salary

by | May 29, 2024 | Income Tax | 0 comments

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Important Keyword: Form 26AS, Income Heads, TDS Certificate.

What is Form 16A?

Form 16A serves as a certificate of TDS (Tax Deducted at Source) specifically on income other than salary. This includes payments such as commission, contract fees, professional charges, rent, interest, etc.

Issued by the deductor to the deductee, the deductor, also known as the payer, is the individual or entity making the payment and deducting TDS. The deductee, or payee, is the recipient of the payment from whom TDS is deducted.

The deductor holds the responsibility of issuing Form 16A to the deductee within 15 days from the date of filing the TDS Return. This ensures that the deductee has documentation verifying the TDS deduction on their income other than salary.

It distinguishes itself from Form 16 by being specifically designated for TDS (Tax Deducted at Source) on income apart from salary, unlike Form 16 which pertains to TDS on salary.

Here are the essential details:

  1. Deductor Information:
    • Name, address, PAN (Permanent Account Number), and TAN (Tax Deduction and Collection Account Number) of the Deductor.
  2. Deductee Information:
    • Name, address, and PAN of the Deductee (the individual or entity from whom TDS is deducted).
  3. Payment Details:
    • Nature of the Payment: Description of the income for which TDS is deducted (e.g., commission, professional fees, rent, interest, etc.).
    • Amount Paid: The total amount paid to the deductee.
    • Date of Payment: The date on which the payment was made to the deductee.
  4. TDS Challan Details:
    • Details of the TDS challan, including the challan number, date of deposit, and amount of TDS deposited with the government.

It provides a comprehensive overview of the TDS deducted on income sources other than salary, ensuring transparency and compliance with tax regulations for both the deductor and the deductee.

Sample_form-16A

The provision of Form 16A to the deductee as proof of tax deduction falls under the responsibility of the deductor. In case the deductee has not received Form 16A, they can verify the TDS credit by referring to their Form 26AS.

The deductor can access and download Form 16A from their account on TRACES (TDS Reconciliation Analysis and Correction Enabling System). This platform facilitates the management and issuance of various TDS-related documents, ensuring transparency and compliance with tax regulations.

Read More: What is the difference between Form 16 and Form 16A?

Web Stories: What is the difference between Form 16 and Form 16A?

Official Income Tax Return filing website: https://incometaxindia.gov.in/

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