Form 16B No Data Available for specified Assessment Year.

This query is : Resolved

Firoz Shaikh (Querist)
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07 April 2020 Hi

I have applied form 26QB on 24th March 2020. OLTAS has confirmed amount matched for 800 TDS on Sale of Property/ Commodities Transaction Tax on 26th March 2020 received by TIN.

Today is 7th April 2020 still I get message in Remarks Column "No Data Available for Specified Assessment Year, Acknowledgment Number and PAN of Seller. Please resubmit the request again." This is happening for past 7 days.

I have a query is Form 16B manually updated backend so that it is available for download in TRACES or is it automatically updated. I never had this kind of issue in past. I do not even see any kind of place where I can raise my query or complaint for the non availability of Form 16B.

Please Advice. Thanking You In Advance.

c.bakshi

c.bakshi (Expert)
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08 April 2020 IT IS AUTOMATICALLY UPDATED WHEN A DEDUCTOR FILE HIS/HER/IT TDS RETURN. THE DATA IS AUTOMATICALLY UPDATED.

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Firoz Shaikh

Firoz Shaikh (Querist)
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09 April 2020 Thanks for the reply. Yesterday my Form 16B was uploaded along with that I got a personal email stating under 3(a) Interest on late deduction of INR 140. Column A Default amount 138. Column B Amount Paid 0.35 Column C Amount payable (A-B)(C) 137.365 rounded to near ten rupees 140.

I had paid INR 13,888 for the same Amount I got my Form 16B too. I followed all transactions within 30 days Then why is that I got penalty.

My due date to pay builder was 16th march 2020 which I paid in 2 installment on16th & 17th March 2020. On 24th March 2020 I filled Form 26QB and did netbanking payment of INR 13,888.

I believe the charges levied to me are erroneous. I have raised it with contact@tdscpc.gov.in since Ghaziabad is under lock down I got automated reply stating there will be delay.

Please advise are the charges levied on me correct if not what should be my next step.

Thanking In advance.