• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Your Finance Book

Income Tax | Investing | Stock Market

  • Stocks
    • 10 reasons why share prices decline in the stock market
    • What to look for in growth investing strategy for better return
    • 10 things you must understand before buying stocks
    • Speculating Vs Investing Vs Saving
    • A beginner’s guide to understand stock’s value – Explained with examples
    • Mutual Fund Basics
  • GST
    • GST registration in India – all you need to know
    • Tax invoice in GST-A complete beginner’s guide for taxpayers
    • Input tax credit in GST – A beginners guide to claim ITC
    • What is inter-state supply of goods and/or services under GST
    • What is intra-state supply of goods and/or services under GST
  • Income tax
  • Tax Rates
  • ITR Due dates
  • About Us
  • Privacy Policy
  • Disclaimer
  • Terms of Use and Policies
  • Contact Us
Home / Income tax / How to download form 16B – TDS certificate for sale of property U/s 194IA

How to download form 16B – TDS certificate for sale of property U/s 194IA

Last updated on April 21, 2014 by Editorial Staff

Share
Share on Facebook
Pin
Pin this
Share
Share this
Share
Share on LinkedIn

Form 16B is required in those cases where you bought an immovable property for a consideration in excess of Rs. 50 lakhs and you have deducted TDS @1% while making payment to the vendor. For deducting TDS from your payments you are required to issue certificate in Form 16B to the person from whose payment TDS has been deducted.

Form 16B has to be downloaded from trace portal maintained by IT department. However, you will not be able to download form 16B if after deducting TDS from the payments you have not submitted form 26QB to tax department.

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.

Form 16B can be downloaded in two steps. First you need to register yourself as a tax payer and then through your tax payer login you will be able to download it.

Registration for downloading form 16B

For downloading form 16B you have to register yourself as a tax payer not as a deductor. You can download form 16B after logging in as a tax payer. To register yourself as a tax payer you can visit trace portal. Here are the steps to register you as a tax payer.

  • Visit TDS central processing cell portal
  • From the right hand side of the traces portal select Register as a New User > Tax Payer as shown below.

TDS certificate in form 16B for sale of property U/s 194IA

  • Fill up all your details like pan number, DOB or DOI, name etc. With this you have to fill up either option 1 or option 2 to get registered. If you as a taxpayer have paid TDS and filled 26QB then try option 2 with your latest Challan details and TDS amount paid through that Challan as we found that option little easier compare to option 1.

TDS certificate in form 16B for sale of property U/s 194IA

  • After filling up the text, click on proceed.
  • Then you will be displayed with an option to enter your details like mobile number, address, email ID and then password. By default your PAN will be the user ID for logging in as a taxpayer.
  • After this step you will be sent with a PIN to the mobile number that you entered while registering and a link to your email id for activation. To activate your account you need to click on that link from your email id and enter the activation code to activate.

Downloading form 16B

Now, login to your account as a taxpayer as discussed at the beginning and from the download section click on form 16B. You need to enter your details like acknowledgement number to send the request for downloading form 16B. After sometime you can check this section for downloading form 16B. Click on download to save it to your PC.

Now you have your Form 16B which you can be signed and sent to the seller.

In between if you find any difficulties then you can contact them through email: contactus@tdscpc.gov.in or through phone number @18001030344

Share
Share on Facebook
Pin
Pin this
Share
Share this
Share
Share on LinkedIn

Categories: Income tax Tags: Section 194IA, TDS certificate under section 194IA

About the Author

Editorial Staff at Yourfinancebook.com is a team of finance professionals. The team has more than a decade experience in taxation, stock market and personal finance.

Primary Sidebar

Financial Ratios

  • The 5 Best Investing Books for Beginners
  • Accounting tools you can use to choose a winning stocks
  • What are the tools and techniques used in financial statements analysis
  • Can Price to earnings – P/E ratio be used for stock investing
  • Why Price earnings to growth – PEG is used by investors
  • How Earnings per Share or EPS can help you
  • How to use debt to equity – D/E ratio
  • What is Interest coverage ratio

Don’t see a topic? Search our entire website:

Footer

Trending Now

  • What to look for in the financial statements before investing in stocks
  • How to manage fund while investing in stocks
  • A beginner’s guide to mutual fund investing
  • Why share prices move up and down in stock market
  • Price Action trading – How candlestick helps to read mass psychology

Email Newsletter

Sign up to receive email updates daily and to hear what's going on with us!

Privacy Policy

Stay In Touch With Us

  • Twitter
  • Facebook

Legal Disclaimer

The information available through this Site is provided solely for informational purposes on an “as is” basis at user’s sole risk. The information is not meant to be, and should not be construed as advice or used for investment purposes. Yourfinancebook.com does not provide tax, investment or financial services and advice. We make no guarantees … Continue Reading... about Disclaimer

Copyright © 2024 yourfinancebook.com · All Rights Reserved.