FAQs
Categories
Sub-Categories
- (Q.1)What is Form 16C?
- Form 16C is a TDS certificate for TDS on Rent on property. It includes the amount of TDS deducted on rent by the Tenant (u/s 194IB). Tenant of the property is required to furnish Form 16C to the payee (Landlord of the property) within 15 days from the due date of furnishing Form 26QC.
- Form 16C (TDS on Rent on Property) can only be submitted when Form-26QC Challan cum Statement is processed.
- Form 16C can be downloaded by registered Tenant on TRACES website as per the filed Form 26QC
- 'Form 16C' is available from A.Y 2018-19 onwards on TRACES website.
- Form 16C status will be available in ' Requested Downloads' , Payer can search request of Form 16C by using:
a) Request Number
b) Date
c) View All - "Date of birth of Tenant" as per PAN in "DDMMYYYY" format.
- Tenant can give download request of 'Form 16C' for each challan against same acknowledgement number.
- Description of Requested Status of 'Form 16C' are:
1. Submitted: Request for Form 16C has been submitted.
2. Available: Requested Form 16C is available for Downloading.
3. Failed: Need to request Form 16C again or can contact CPC (TDS). - No.
- No.
- Step 1: Login to TRACES website as a Taxpayer, with "User ID", "Password", "PAN for the Taxpayer" and the "Verification Code". Landing page will be displayed on Screen.
- Step 2: Click on "Form 16B/16C/16D/16E (For Buyer/ Tenant/Payer/ Buyer of VDA)" available under "Downloads" tab.
- Step 3: Select Form Type (26QC), Assessment Year, Acknowledgement Number, PAN of Seller/Landlord. Request Number will be generated.
- Step 4: Click on "HTTP Download" button if status of request is "Available" under "Requested Downloads".
- Step 5: Open Zip file of Form16C by entering password as "Date of birth of Tenant" as per PAN in "DDMMYYYY" format.
- It is advised to note down the acknowledgment number. However, in case if it is lost, the acknowledgement number is also be reflected in 'Part VIII' of Form 26AS/Annual Tax Statement of the Tenant and 'Part IV' of Form 26AS/Annual tax Statement of the landlord.
- Form 16C is issued as per the provisions of Rule 31(1) of Income tax Rules 1962.
Request for Downloading Form 16C (TDS on Rented Property) can only be submitted when Form 26QC challan-cum statement is processed. "Form 16C" can be downloaded through TRACES website by registered Tenant. "Form 16C" can be downloaded from A.Y 2018-19 onwards. Procedure to download Form 16C :-
