DUE DATE for issuing Form 16 extended

DUE DATE for issuing Form 16 extended

As per Income tax rules, Form 16(salary certificate) for salary deductorsis required to be issued on a fixed date i.e. 31st May; whereas Form 16A (TDS certificates) for non salary deductors is required to be issued within 15 days from due date of filing TDS return. Last Year Income Tax Department had extended the due date by 15 days for filling TDS returns vide notification no. 30/2016 dated 29.04.2016 for both TDS return on salary (Form 24Q ) as well as TDS return on others(non salary) (Form 26Q ). This above change in due date of filling TDSreturn had affected the due datefor issuing Form 16Abut not the due date for issuing Form 16. Due date for Form 16A was automatically shifted by 15 days to 15th June. Hence to bring them in line with others, the due date for issuing Form 16 (Salary Certificate) for Financial year 2016-17 has been extended by 15 days vide notification no. 42/2017dated 02.06.2017.

• Due date before the notification was 31st May, 2017for Financial year 2016-17.
• Due date after the notification is 15th June, 2017for Financial year 2016-17.

Compiled by CA Ankita Khetan