FAQ
- (+) General
- What is TDS on property?
- What are the points to be remembered by the Seller of the Property?
- What are the points to be remembered by the purchaser/buyer of the Property?
- What is Form 16B?
- Which challan is used for depositing the amount deducted under section 194IA?
- I am a purchaser/buyer, whether I should deduct TDS on Property from the amount exceeding the property value of 50 Lakhs or on the whole amount of property sold?
- Who can download Form 16B?
- From where will I get the Form 16B?
- What is the procedure to generate the Form 16B?
- While downloading Form 16B from TRACES, Is there any restriction on the number of request that user can place?
- Can I download Form 16B without acknowledgement number?
- I have lost 9 digit alphanumeric acknowledge number which was generated while filing form 26QB. Now from where can I get acknowledgement number to download form 16B?
- Is there any provision in Income tax act 1961 or Income tax Rules 1962 format for Form16 B?
- How will transactions of joint parties (more than one buyer/seller) be filed in Form 26QB?
- How the amount deducted on Immovable property will be reflected in 26AS?
- While filing form 26QB I quoted tax amount in ‘Other’ or ‘education cess’ column. How can I rectify?
- Why the detail of tax deposited on TDS on property is not appearing in Form 26 AS and Form 16B?
- I have deducted TDS on property along with education cess. However, Only TDS on property amount is reflecting in Form 16B and not the amount of education cess. Why?
- I purchased the property and submit the TDS through form 26QB. However, while downloading form 16 B from TRACES, it shows blank. What may be the reason?
- While submitting Form 26QB if I have inadvertently mentioned the TDS amount in 'other' column. How can I make the correction ?
- For which financial year default has been generated?
- What is the date of filing in case of 26QB?
- What type of default will be generated?
- How to pay this default?
- Is correction required for this default?
- How all Defaults are calculated?
- Is there any procedure to Waive off the amount of demand received for late filing and interest on late payment?
- Can taxpayer pay the 26QB amount in advance if he is making the payment through EMI mode?
- Taxpayer has not deducted any TDS on property as he has already paid the booking amount of property to the seller still he wants to pay the TDS. Can he pay the TDS amount?
- Is late filing and interest on late payment applicable on NRI buyer as well?
- I am trying for payment of late filing fee U/s 234E for form 26QB through on line mode. There is no column mentioned as Late filing fee in the challan. How can I proceed for making such payment?
- Can payment of TDS on property be made offline as many users do not have the facility of net banking?
- I have deducted TDS on property on 15th May'2015 and filed the form 26QB on same date by choosing the option 'offline payment' method. I got the acknowledgement number for Form 26QB. Now when I tried to make the payment, I got an error 'invalid acknowledgement number'. What should I do?
- What is the procedure to file 26QB?
- What are the various types of defaults that may get generated on 26QB processing?
- What are the functionalities that deductor can access after logging into their account on TRACES?
- What is the procedure for payment of demand raised against TDS on sale of property by CPC-TDS?
- What is the detailed procedure for making online correction in 26QB form?
- Is there any approval required for online correction of 26QB statement? If yes, the details thereof?
- Is the intimation letter and justification report sent by CPC-TDS password protected? If yes, what is the password to open the same?







