What will do when TDS Deductor not issued TDS Certificate despite many reminders & requests?

A TDS Deductor deduction the Tax at Source (TDS) from TDS Deductee is duty bound to:

• Deposit the tax deducted at source within prescribed time to the Government Treasury.
• File the Quarterly TDS return in respect of the Tax Deducted.
• Issue the TDS Certificate to the Deductee within a prescribed time.
  

For non compliance of each and every part mentioned above, there is a separate penalty and consequences under the Income Tax Act 1961.

For non issuance of TDS Certificate within a prescribed time, penalty is imposable u/s. 272A(2) @ Rs. 100/- per day during which the failure continues. However, the amount of penalty cannot exceed the amount of tax deductible/deducted.

For Non filing of TDS Return also, there is a penalty provision of Rs. 100/- per day.

Without Quarterly TDS Return being filed by the Deductor, you will not be entitled for the Tax Credit in respect of TDS done from payment made to you.

You can also view all the tax deducted and deposited in your Account (i.e. Tax Credit in Form No. 26AS) by registering your PAN at www.incometaxindia.gov.in.

To Check your Tax Credit Click Here
To Calculate your Tax (TDS) For Assessment Year 2012-13 Click Here
If you are not aware about Income Tax Slabe for Assessment Year 2012-13 Click Here

Posted in: Duplicate TDS Certificate,TDS Deductor Circular,TDS Verification