Form 16B : Certificate of TDS on Sale of Property

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Swapnil Agarwal

TDS Returns & Forms
Last updated on February 9th, 2023

If a buyer has purchased any property from the seller and TDS has been deducted under section 194IA, then the buyer is required to give a certificate of tax deducted in Form 16B. Further, this form is almost similar to Form 16 / 16A issued by the employer/ deductor to employees/ deductees.

Form 16B is generally issued within 15 days from the date of furnishing Form 26QB.

What details are present in Form 16B?

The following details are present in this form:

TRACES - Form 16B

How to download Form 16B?

Once form 26QB is processed, the buyer can download the form from the TRACES.

These are the steps to download this form:

  1. Login and Click on Taxpayer

    Click on the ‘Login’ button and then select ‘Taxpayer’

  2. Click on ‘Register as New User’

    If you are not registered on TRACES then click on ‘Register as New User’ and finish the registration process.


  3. Go to downloads

    After you login to your account then go to downloads and further click on Form 16BTDS-Form-16B-download

  4. Add required details

    Add details like Assessment Year, Acknowledgement Number of Form 26QB, PAN of Seller, and click on proceed.

  5. Click on ‘submit request’

    Click on ‘submit request’ to submit a request for a download of the Form. Confirmation of the request will also be shown upon successful submission.

  6. Click on ‘Request Downloads’ to track the request status

    Go to downloads after 24 to 48 hours of request submission and click on ‘Request Downloads’ to track the request status. Once the status changes to Available click on ‘HTTP Download’ to download the zip file.

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Is there a penalty for the late issuance of Form 16B?

Yes, if the individual doesn’t provide the certificate within the due date then, they are liable to pay a fine of INR 100 per day.

What if the buyer doesn’t possess TAN?

If you are filing Form 26QB then TAN is not compulsory and you can file using the PAN. Also, you can login to your TRACES accounts through PAN to download this form.

Can Form 16B be revised?

Yes, the user can request a correction in this form only before downloading the form. Correction requests will be allowed only once.

Got Questions? Ask Away!

  1. Hi,

    Yes, you should include both your Form 16s to file your ITR.
    Here are the steps to file ITR with multiple Form-16s.

    1. Collect all your Form-16s
    2. Check TDS with Form 26AS
    3. Combine income and recalculate
    4. Include all Chapter VIA deductions
    5. Pay self-assessment tax, if any.

    Hope this helps :slight_smile:

  2. Hi @Amit_Patnaik,

    You can claim a refund of the taxes paid on salary paid back to the employer while filing ITR. You have to reduce income by the amount you paid back. You should report only the net salary income while filing ITR for AY 2021-22.

    Hope this helps :slightly_smiling_face:

  3. Thanks Divya, for your response!

  4. Hi @abdabhi12

    As per the income tax act, you are required to estimate the total income along with the variable component and pay advance tax accordingly every quarter.

    If you miss out on estimating and paying the advance tax, then interest u/s. 234C shall be levied.

    However, if you pay more tax then actual liability then you can claim refund for the same at the time of filing of your ITR.

    Here’s a read on Section 234C : Advance Tax Penalty - Delay in Payment - Learn by Quicko

    Hope this helps!

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