Certificate of TCS

The person collecting tax at source in accordance with provisions of Section 206C is required to issue a certificate of collection of tax at source in Form No. 27D to the Buyer (or lessee or licensee) from whom the tax is collected. Such certificate shall be furnished within one month from the end of the month during which the amount is debited to the account of the buyer (or licensee or lessee) or payment is received from the buyer (or licensee or lessee).

If more than one certificate is required to be furnished to a buyer (or licensee or lessee) for the period ending 30th September or 31st March in a financial year, the person collecting the tax on request from such buyer issue a consolidated certificate in Form 27D  for tax collected during whole of such period.

If an issued TCS certificate is lost, the person collecting tax at source may issue a duplicate certificate on plain paper, with necessary details as contained in Form-27D.