(Last Updated On: October 31, 2023)
Section 203 Income-tax Act 1961 Certificate for tax deducted.
1[Certificate for tax deducted.
2203.3[(1)] 4Every person deducting tax in accordance with 5[the foregoing provisions of this Chapter] 6[shall, within such period as may be prescribed from the time of credit or payment of the sum, or, as the case may be, from the time of issue of a cheque or warrant for payment of any dividend to a shareholder], furnish to the person to whose account such credit is given or to whom such payment is made or the cheque or warrant is issued, a certificate to the effect that tax has been deducted, and specifying the amount so deducted, the rate at which the tax has been deducted and such other particulars as may be prescribed.]
7[(2) Every person, being an employer, referred to in sub-section (1A) of section 192 shall, within such period, as may be prescribed, furnish to the person in respect of whose income such payment of tax has been made, a certificate to the effect that tax has been paid to the Central Government, and specify the amount so paid, the rate at which the tax has been paid and such other particulars as may be prescribed.]
Notes on Section 203 of the Income Tax Act
8.Omitted by the Finance Act, 2010, w.e.f. 1-4-2010. Prior to its omission, sub-section (3), as amended by the Finance Act, 2008, w.e.f. 1-4-2008, Finance Act, 2006, w.e.f. 1-4-2006, Finance Act, 2005, w.e.f. 1-4-2005 and Finance (No. 2) Act, 2004, w.e.f. 1-4-2005, read as under :
“(3) Where the tax has been deducted or paid in accordance with the foregoing provisions of this Chapter on or after the 1st day of April, 2010, there shall be no requirement to furnish a certificate referred to in sub-section (1) or, as the case may be, sub-section (2).”
7. Inserted by the Finance Act, 2002, w.e.f. 1-6-2002.
6.Substituted for “shall, at the time of credit of payment of the sum, or, as the case may be, at the time of issue of a cheque or warrant for payment of any dividend to a shareholder” by the Finance Act, 1987, w.e.f. 1-6-1987.
5. Substituted for the portion beginning with the words “the provisions of sections 192” and ending with “section 196D” by the Finance (No. 2) Act, 2004, w.e.f. 1-10-2004. Prior to its substitution, the quoted portion, as amended by the Finance Act, 1972, w.e.f. 1-4-1972, Finance Act, 1973, w.e.f. 1-4-1973, Finance Act, 1978, w.e.f. 1-4-1978, Direct Tax Laws (Second Amendment) Act, 1989, w.e.f. 1-11-1989, Finance (No. 2) Act, 1991, w.e.f. 1-10-1991, Finance Act, 1992, w.e.f. 1-6-1992, Finance Act, 1993, w.e.f. 1-6-1993, Finance Act, 1994, w.e.f. 1-6-1994, Finance Act, 1995, w.e.f. 1-7-1995 and Finance Act, 1999, w.e.f. 1-6-1999, read as under :
“the provisions of sections 192 to 194, section 194A, section 194B, section 194BB, section 194C, section 194D, section 194E, section 194EE, section 194F, section 194G, section 194H, section 194-I, section 194J, section 194K, section 194L, section 195, section 196A, section 196B, section 196C and section 196D,”
4.See rule 31 and Form Nos. 16 and 16A.
3. Section 203 renumbered as sub-section (1) thereof by the Finance Act, 2002, w.e.f. 1-6-2002.
also Circular No. 749, dated 27-12-1996
(Certificates issued by Central Government Departments), Circular No. 785, dated 24-11-1999
(Issue of certificate is mandatory), Circular No. 6/2006, dated 23-6-2006
(Issue of TDS certificate in cases of Truck/Goods-carriage Operators), Circular No. 2/2007, dated 21-5-2007
(Option to certify TDS certificates by way of Digital Signatures), Circular No. 3/2011, dated 13-5-2011/Circular No. 1/2012, dated 9-4-2012
(Issuance of certificate in Form No. 16A), Circular No. 4/2013, dated 17-4-2013
(Issuance of certificate in Form No. 16), DIT(S) Notification No. 9/2019 [F. No. Pr. DGIT(S)/CPC(TDS)/Notification/Part B/Form/2018-19], dated 6-5-2019
[Procedure for issuance of Certificate for TDS in Part B of Form No. 16 through TRACES].
1. Substituted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1967.