Services currently available are view 26as statement and download form 16b in case you are the buyer of immovable properties. Furnish details such as assessment year, pan of the seller, acknowledgement number of the form 26qb. Procedure to download tds certificate in form 16b is as follows. Login to traces as tax payer and submit download request for form 16b under downloads tab.
The procedure for downloading the form is as follows. To download form 16b go to download, click on request for form 16b, validate details and submit your request. Form 16b shall be generated by tdscpc on processing the form 26qb statement cm challan form filed by buyer. Complete process for filing tds on property in india. A text file containing the entire requested pan will be available for download at the download section of the menu. First of all, login to the traces site as deductor and then submit download request for form. In a nutshell, this is a tds certificate for all tds deducted upon a property sale tds applicable on sale of immovable property is controlled by section 194ia of the income tax act, 1961. I have purchased a property of 5288000 on 01feb2014 agreement date. How to download tds certificate in form 16 from traces in. Download form 16 part b from traces before issuing to deductees.
Download the pdf generation utility by clicking the link above. Just like form 16 is a tds certificate for tds deducted from salary and form 16a is a tds certificate for tds deducted from all other payments, form 16b is a tds certificate for tds deducted on sale of property. The same utility can be used to convert text file for form 16 16a. Form 16b will be generated in pdf file and password to open this file is date of birth of the buyer in ddmmyyyy format i. A complete stepbystep guide on how to fill form 26qb and download form 16b from traces website. Form 16b is the tds certificate to be issued by the deductor purchaserbuyer of immovable property to the deductee seller of immovable property in respect of the taxes deducted on the sale of immovable property and deposited into the government account. The workaround suggested was to have someone in india login with your credentials and submit a request for downloading 16b by clicking on the link this link for 16b is what is missing when you login from outside india under the downloads menu and. How to download form 16 and form 16a from trace portal. Form 16b for tax deducted at source verifies the volume of tax deducted at source when making a property purchase.
Statement filed should not have been cancelled or nil statement. One can view and download key tax documents such as form 16a, form 16 and form 26as. After logging into the portal you need to click on the form 16 and 16a section under the download menu. Hope this helps you in getting form 16b from traces. How to log in to traces portal and download form 16b.
How to register on traces website and download form 16b. To download form 16b, go to download, click on request for form 16b, validate details and submit your request. Search results and download file click on the buttons to download file list of requests pertaining to the search criteria will be displayed, select the row containing form 16b pdf file and click on download. Complete procedure to download form16 from traces for. Now onwards, form 16a text file will be available at traces. Traces facilitates the buyer of immovable property to download form 16b after registering on traces as taxpayer. Form 16 part b to be issued by downloading from traces. What is form 16b form 16b for income tax return filing. Universal knowledge hub etutorial for tax payer download form 16b etutorial tds on property. Acknowledgment number for the form 26qc furnished is available in the form 26as annual tax statement of the deductor i. Procedure to download form 16b tds certificate on sale of property from traces. To download form 16b, click on the download tab of the traces.
I just called the traces helpline and they confirmed that 16b cannot be downloaded from ip addresses outside of india at this time may 2014. After making payment of the deducted tds amount through challan 26qb, you can see it in your form 26as reflecting with break up for each amount paid and acknowledgement number for that. Complete procedure to download form16 part a from traces. Income tax department traces a new portal had been made for only tds certificate and many more. Download traces pdf generation utility plan your finances. The buyer of the property would be required to issue form 16b to the seller of the property in respect of the tds deducted and. Procedure to generate and download form16b from traces. Procedure for payment of tds on sale of property form 26qb and generate of form 16b. Income tax department form16b download income tax department tax services forms 16b form 16b. This amount is given by the buyer to the income tax department.
Let us find out the procedure of acquiring the form in detail. View and download aggregated tds compliances report. This utility will convert the text file into individual pdfs for each pan. There is a dashboard for paos that provides a summary of details relating to their drawing and disbursing officer ddo. So if you have not registered you tan on traces then first register you tan at traces and start the procedure of download of form 16a. You are accessing traces from outside india and therefore, you will require a user id with password. Article explains important information to download form 16c from traces website, brief steps to download form 16c and pictorial guide to download form 16c. Procedure to install traces pdf generation utility. Buyer purchaser of immovable property can download form 16b after registering on traces as tax payer. To generate download form 16b, you need to first make the tax payment using etax payment option i. This gives you details such as tds certificate number which traces generates, name and pan of deductee, transaction date and amount, acknowledgment number which is the same as the one on your form 26qb, date of deposit and tds deposited. Process of downloading and creating form 16 and 16a in pdf.
Procedure to download form 16b tds certificate on sale of. How to download form 16b tds certificate for tax deducted. Once the buyer furnishes the details in form 26qb and deposits the tds, he or she can download form 16b online. One can download this form from the website traces. After some time the same shall be available under download menu. The buyer has to fill in details in the form 26qb and deposit tds after which he will be able to down the 16b form online. Form 16 can be saved or printed as per your requirement. In simple words, form 16b is a certificate for tax deducted at source under section 3 of the income tax act on the sale of immovable properties. Complete procedure to download form 16 from traces for salaried employee.
This video illustrates step by step process of registering on to traces webpage and download form 16b, which later needs to be given to the seller by the buyer, once he has deducted and paid tds. May be in near future you are able to download your form 16 or 16a also through this window. Log into traces go to last 3rd option downloads click on form 16b 16c fill the form given and click submit it should be available within max 24 hrs. Step by step procedure to download form 1616a from traces. Enter the details pertaining to the property transaction for which form 16b is to be requested. How to download form 16b tds certificate for sale of. Form 16b will be available to you on request for downloads. You need to enter the acknowledge number as appearing in part f of as26 of the deductee.
Answer is deductor can download such certificate from traces website and issue to the seller. Read procedure to generate form 16b and password to open form 16b. Procedure for payment of tds on sale of property form. Home how to download form 16 part a from the traces portal complete procedure to download form 16 part a from traces for salaried employee,with automated form 16 part b for the financial year 201415 and assessment year 201516 complete procedure to download form 16 part a from traces for salaried employee,with automated form 16 part b for the financial year 201415 and. Form 16b tds certificate for sale of property download. Form 16b download the form online from traces website. Form 16b shall be generated by tdscpc after the processing of form 26qb statement come challan form filed by buyer. If you are not registered with traces, please refer to our etutorial.
Online form for furnishing tds on property form 26qb. It is an online portal through which the income tax proceedings related to tds traces form 16b, form 16a, and form 26as are carried out. Sub procedure, format and standards for issuance of certificate for tax deducted at source in part b of form no. Download request for form 16 a for a particular fy and quarter can be submitted only after form 26 q or 27 q statement for selected fy and quarter is filed by deductor and processed by tds cpc. After filing 26qb, buyers has to download form 16b from traces portal click here and issue it to the seller of the property. Login to traces as tax payer and submit download request for form 16b under downloads. Learn how to download form 16b from traces income tax forum. After your payment in form 26as has been reflected, login to traces. Form 16b can be downloaded online from traces website and the procedure for downloading this form is given below in this article. What is the procedure to download form 26qb challan after. The website provides access to the pan holders to view the details of tax credits in form 26as. File will be available under requested downloads in downloads tab. A new website has replaced tinnsdl for tds return filing. Only a purchaserbuyer, continue reading what is form 16b.