CBDT has already notifies mandatory verification of Part A of FormNo. 16 (employer certificate) for Financial Year 2012-13 –Unique Identification Number mandatory, Vide Notification Number 11-2013 Dated
19-2-2013
The Income Tax Department have already declare vide Notification No. 11/2013 Dated 19/2/2013, that the Form 16 Part A must be download from the TRACES Portal( www.tdscpc.gov.in) and the Form 16 Part B is mandatory to prepare by the Employer.The Details of Notification is given below.
The Form 16 recently notified1 had two parts
– Part
A and Part B. Part A contains
details of tax deducted and remitted
and Part B contains details
of income. The Central Board of Direct Taxes
(CBDT) has now notified that Part A of
Form 16 containing the Unique Identification Number will be issued by the employer by
generating and subsequently
downloading the same from the TRACES2 (TDS
Reconciliation Analysis and Correction Enabling System) Portal.
Employer to download
Part A of the Form 16 from the
TRACES Portal and authenticate the correctness of the
contents mentioned therein before issuing to the employee. Part
B of the Form 16 will be prepared
manually and
issued to the employee
after due verification. Part
A and B can be either digitally or manually signed.
Form 16 to be issued by the employer containing both Part A and B by 31 May 2013. Form
16 issued in the manner
prescribed and containing Unique
Identification Number will only be considered to be valid.
The Director General of Income-tax
(Systems) will specify procedure,
formats and standards for downloading
Part A of
Form 16 and will be responsible for the day to day administration
