Tax payers can start
collecting their TDS certificates now as the last date for all detectors to
finalise and issue these was over yesterday - May 31. This means that today -
June 1, 2016, onwards all detectors of tax at source (e.g. employers, banks etc.)
have to compulsorily provide you the TDS certificate when you ask them for the
same else face a penalty.
Time limit for issue of TDS certificates:
The income tax department has set time limits for issuing of TDS certificates (Form 16 and 16A) by the detectors.
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