AMIT BAJAJ ADVOCATE

A taxpayer who has been issued form 16A by his deductor can verify such form online to check whether it is correct as per the TDS return of the deductor or not. This facility is provided by NSDL at their website tin.nsdl.com. No registration at the NSDL is required to check form 16A online. You will be required to fill the folowing details to verify form 16A.

1. TAN of the Deductor
2. PAN of the Deductee
3. Certificate Number
4. Total Amount Deducted

A new VAT form namely VAT-2B for payment of surcharge has been introduced under the Punjab VAT Rules and the mode of payment of surcharge/additional tax @ 10% levied u/s 8-B of Punjab VAT Act, has been changed.

Rule 37 of Punjab VAT Rules has been amended to add a new sub-rule 2-A in the said rule, which provides that surcharge or additional tax which is levied @ 10% u/s 8-B of Punjab VAT Act will now be deposited in the ratio of eighty percent in the challan form VAT-2 and  twenty percent in the challan form VAT-2B.

It is to be noted that uptill now surcharge/additional tax was deposited one hundred percent in form VAT 2. The rest of normal vat tax is deposited in the ratio of 90% in form VAT 2 and 10% in form VAT 2A and there has been no change in the mode of payment of such normal vat tax.