Central Board of Direct Taxes (CBDT) has issued Notification No. 09/2019 dated 06th May, 2019 to notify that all deductors shall issue TDS certificate in Part B of Form No.16 (Annexure – Containing the details of Income) by downloading / generating it from the TRACES portal. The same is applicable in respect of all the sums deducted on or after April 1,2018 provided that TDS statement in Form 24Q for the fourth quarter is furnished along with.

Key points of the Notification are:

1. To ensure generation of accurate TDS certificate in Part B of Form No. 16, the deductor need to report correct data in Annexure II of Form 24Q.

2. The deductor, issuing the TDS certificate in Form No. 16 by downloading it from the TRACES Portal, shall, before issuing to the deductee authenticate the correctness of contents mentioned therein and verify the same either by using manual signature or by using digital signature.

3. In Part B of Form 16 the items nos. 2(f) containing details of amount of any other exemption under section 10 and 10(k) containing details of amount deductible under any other provision(s) of Chapter VI‐A are required to be filled-in by the deductor manually which shall be made available at the bottom of the TRACES generated Form 16 (Part B), the deductor shall duly fill details where available, before furnishing of Part B (Annexure) to the employee.

4. The deductors who opt to authenticate Part B of Form No. 16 manually will be provided with the download of the Part B of Form No. 16 along with these item nos. 2(f) and 10(k) appearing at the bottom of the Form.

5. The deductors who opt to authenticate Part B of Form No. 16 using Digital Signature Certificate (DSC) will be provided with the download of Part B of Form No. 16 without item nos. 2(f) and 10(k) and therefore these details shall be required to be prepared by the employer and issued to the employee, where applicable, before furnishing of Part B to the employee.

Source: Central Board of Direct Taxes

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