Form 16B : Certificate of TDS on Sale of Property

Form 16B is almost similar to form 16 / 16A issued by the employer/ deductor to employees/ deductees. But it is issued by the buyer showing details of tax deducted and deposited on property consideration paid to the seller of property.

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

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What details are present in Form 16B?

Following are the details present in Form 16B:

  • Certificate Number,
  • Name, PAN and Address of Buyer as well as Seller,
  • Financial Year,
  • Summary of Transactions
  • Details of tax deposited

How to download Form 16B?

Once form 26QB is processed, buyer can download Form 16B from TRACES.

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 and click on Form 16B

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

  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 request for download of Form. Confirmation of the request will also be shown upon successful submission.

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

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


What is a TDS Certificate?

Every person Deducting Tax at Source (TDS) is required as per Section 203 to issue a certificate to the payee (a person to whom money is paid or is to be paid) to the effect that tax has been deducted along with certain other particulars. This certificate is usually called the TDS certificate.

What is Form 16 and Form 16A?

Form 16A is a TDS Certificate certifying the various details such as the amount of TDS, Nature of Payments, and the TDS Payments deposited with the Income Tax Department. TDS Professional fees, Rent, Bank Interest payments are accompanied by a Form 16A.

Where is TDS applicable?

The TDS is applicable to the various incomes received such as salaries, interest received, etc. which is deducted when income is generated rather than a later date. The person who is making the payment is responsible for deducting the tax and depositing the same with the government. TDS stands for Tax Deducted at Source.

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

  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

  3. Thanks Divya, for your response!

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