1 / 7

A comprehensive guide to Form 16A: A TDS Certificate

Form 16A is a TDS certificate that is issued by the deductor on a quarterly basis. It is a statement concerning the nature of payments, the amount of TDS, and the deposited TDS payments to the Income Tax department. It also consists of brokerage, interest, professional fees, contractual payments, rent, and other sources of income.

eazy4
Download Presentation

A comprehensive guide to Form 16A: A TDS Certificate

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FORM- 16A INCOME TAX RETURN Form 16A is a TDS certificate that is issued by the deductor on a quarterly basis. It is a statement concerning the nature of payments, the amount of TDS, and the deposited TDS payments to the Income Tax department. 70680 73935 www.eazybills.com VISIT

  2. CERTIFICATE Receipts from business or profession fees. Rental receipts from a property or rent. Sale proceeds from capital assets. Additional source. TDS

  3. Important components of Form 16A Mode of Payment Details of Employee Details of the Employer It contains the name, TAN, and PAN of the employer. It contains the name, TAN, and PAN of the employee. Both offline and online modes of payment are available.

  4. Filing of income tax returns: The details contained in Form 16A help employees file their income tax returns. It guides employees in reporting their total income, which includes salary and other sources. Significance of Tracking of TDS: It helps every individual keep track of the tax deducted at source (TDS) on their income. It gives you a summary of TDS deducted at source. Form 16A Income Proof: Form 16A works as evidence of an individual's total earnings from other sources. Government agencies and financial institutions, like banks, easily accept this source as income proof. Loan Applications: This form is important in verifying the loan applications. Financial institutions often need a record of the assets and liabilities of an individual to check the guarantee on loan repayment.

  5. Below are the following steps to download Form 16A: How to download Form 16A? Visit the official website of the income tax department. Complete the registration process on the website. Click the "Download" tab, and then select Form 16A. Fill in the PAN details, and then click “Go to continue.”. Click submit and download Form 16A. SALFORD & CO.

  6. 01. Form 16 is a TDS certificate deducted from salary, whereas Form 16A is issued for income other than salary. 16A? Form 16 and Form Difference between 02. Form 16 is issued by the employer, whereas Form 16A is issued by financial institutions. 03. Form 16 is used for deducting tax from salary, whereas Form 16A is for removing taxes from another source of income apart from salary.

  7. Thank You. www.eazybills.com (+91) 70680 73935 info@eazybills.com

More Related