Form 16B No Data Available for specified Assessment Year.

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This query is : Resolved

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A user is encountering a 'No Data Available' error when trying to download Form 16B from TRACES, despite successfully submitting Form 26QB and payment. They are seeking clarification on whether Form 16B is manually updated or automatically generated and are also questioning a penalty charge for late deduction, believing they met all deadlines. Advice is sought on resolving the download issue and challenging the penalty.

Firoz Shaikh

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.