Employers will now have to download full Form 16 from TRACES portal only – The Economic Times

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  • Last Updated on 28 October, 2020

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May 11, 2019
 
Chartered Accountant, Naveen Wadhwa, DGM, Taxmann.com says:
 
 

“Earlier, only Part A of Form 16 (details of tax deducted from salary) could be downloaded from TRACES and there was no option to generate and download Part-B. Therefore, every organisation was creating different formats as per their requirements, which resulted in different formats of Part B of Form 16. Now, there would be symmetry in TDS certificates as the employer will be able to generate and download both parts of Form 16 from TRACES itself.”

 

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