TDS · property buyer certificate
Internal audit copy links Form 16B to buyer TDS on property sales under section 194-IA. This is not Form 16A from TRACES.
The internal audit services page says Form 16B relates to TDS on property sales under section 194-IA. Buyer deduction rules are on the section 194-IA page.
Form 16A is the quarterly certificate for non-salary TDS downloaded from TRACES for vendors and interest on internal audit copy. Form 16 is the annual salary certificate. Form 16C is named for tenant rent under section 194-IB on the Form 16C page.
Tax credit should follow Form 26AS. Seller-side capital gains reporting stays on the capital gains desk.
The internal audit services page says Form 16B relates to TDS on property sales under section 194-IA. Buyers of immovable property deduct TDS under section 194-IA in many cases on that list. This page does not state a due date or certificate format.
No. Form 16A is the quarterly certificate for non-salary TDS from TRACES on the Form 16A page. Form 16B is named only for property sale TDS under section 194-IA on internal audit copy.
No. Section 194-IA rates and property value limits are not stated on Future Tax pages. The section row is on the section 194-IA page.
GST · ITR · Audit · Registration — English & Tamil, online and at the Singanallur office. First call is free.
