Notification No.11/2013 of CBDT about New format of Form 16 Part A & B
Most
of the employee and the various concerned have yet not known that the
Format of Form 16 have already Changed and also the Form 16 Part A is
Mandatory to download from the TRACES Portal (www.tdscpc.gov.in). In
this light here is give below the Notification of the CBDT.
Highlights
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.
Key Requirements
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
Form 16 Part B ( where the employees Salary Details)
In
this Notification also it is Mandatory to prepare the Form 16 Part B
where given the employees Salary Details, must be prepare by the
Employer. In this Regard below given a unique Excel Based Software which
can prepare your Form 16 Part B , you can prepare by this Excel Based
Software more than 1000 employees form 16 Part B. Download the Excel
Based Automated Form 16 Part B from the below link:-
