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. Unlike Form 16, which only consist salary structure, Form 16A of income tax charge TDS from: Receipts from business or profession fees. Rental receipts from a property or rent. Sale proceeds from capital assets. Additional source. Important components of Form 16A The important components of Form 16A are: Details of the Employer: It contains the name, TAN, and PAN of the employer. Details of Employee: It contains the name, TAN, and PAN of the employee. Mode of Payment: Both offline and online modes of payment are available. Receipt number of TDS: The receipt number of TDS helps in the tracking of back details. The date and deposit tax amount with the in