The different types of TDS / TCS certificates need to be issued on time which is summarized in the table below: Form No. Certificate –…
View More TDS / TCS Certificates – Due DatesTag: Form 16B
Procedure to generate Form 16B
Form 16B shall be generated by TDS-CPC after the processing of Form 26QB (statement come Challan form) filed by buyer. Following are the steps to…
View More Procedure to generate Form 16BPoints to be remembered by the Seller of the property
Following are the points to be remembered by the seller of the property: Provide a copy of PAN Card to the Purchaser of the property…
View More Points to be remembered by the Seller of the propertyImportant CPC (TDS) Communication on Payment of Taxes as a “Demand Payment”, Deducted on Purchase of Immovable Property
CPC (TDS) has issued an advisory communication to the purchasers of the property regarding payment of taxes, deducted on purchase of immovable property. The issued communication…
View More Important CPC (TDS) Communication on Payment of Taxes as a “Demand Payment”, Deducted on Purchase of Immovable PropertyFAQ on Form 16B
1. What is Form 16B? Form 16B is the TDS certificate to be issued by the deductor (purchaser/buyer of immovable property) to the deductee (Seller…
View More FAQ on Form 16BHow to Download TDS Certificate in Form 16B?
Government has made it mandatory w.e.f 01.06.2013 on buyer of property to deduct TDS @ 1% on payment made after 01.06.2013 if Purchase Consideration of…
View More How to Download TDS Certificate in Form 16B?TDS payment on property and how to obtain form 16B and 26QB
From June 2013, purchaser of property with value of Rs 50 lakh and above should deduct 1% TDS at the time of making payment. Here…
View More TDS payment on property and how to obtain form 16B and 26QBDownloading of Form 16B by buyers of immovable property
Buyer of immovable property can download Form 16B after registering on TRACES website as a Tax Payer.
View More Downloading of Form 16B by buyers of immovable property