INCOME TAX
Issue of certificates of TDS under the provisions of the IT Act, 1961--Replacement of the unified Form No. 16 with new Forms Nos. 16, 16A and 16B--Acceptance of TDS certificates in unified Form No. 16 in lieu of Form No. 16B, till March 31, 1992
Circular No. 625
Dated 12/2/1992
Reference is invited to the Board's Circular No.607, dated 4th July, 1991 (See [1991] 190 ITR (St.) 88), conveying the Board's decision that the TDS Certificates issued by tax deductors in the old (unified) Form No.16 would continue to be accepted by the Income-tax Department in lieu of the new Form No.16B till December 31, 1991.
2. The position in this regard was recently reviewed by the Board and it has been decided that the TDS Certificates issued up to 31st March,1992, in the old (unified) Form No. 16 will continue to be accepted by the Assessing Officers, in lieu of Form No.16B.
3. It may be clarified that the unified Form No.16 shall be accepted only for those categories of TDS for which the new Form No.16B is prescribed at present. Form No.16B shall also remain in force along with the old (unified) Form No.16 and the tax deductors can use either of the two forms till March 31, 1992. TDS Certificates issued after March 31, 1992, will not be accepted in the aforesaid Form No.16.
(Sd.) V.K. Bhatia,
Director.
Central Board of Direct Taxes.