Para 61.7
DEDUCTION OF TAX AT SOURCE ON PAYMENT
Book One
Issue a certificate for tax deducted at source to unitholders 61.5 Every person deducting tax from income in respect of units is required to issue certificate in Form No. 16A. 61.5-1 Certificates are issued by downloading from TRACES Portal See para 7.6-1. 61.5-2 Time limit within which the certificate should be given - See para 7.6-2. 61.5-3 Issue of duplicate certificate - See para 1.6-4. Statement/returns to the Government 61.6 Quarterly return of income in respect of tax deducted under section 194Q is to be filed within the prescribed time-limit in Form No. 26Q [see para 37.6-2]. Consequences of failure to deduct or pay tax, furnish returns, etc. 61.7 The following are consequences of different defaults : 61.7-1 Failure to deduct and/or pay tax - See para 1.8-1. 61.7-2 Failure to comply with the provisions of section 203A regarding tax deduction account number - See para 1.8-2. 61.7-3 Failure to issue certificates or submit return/statement - See para 1.8-3.
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