Issue of Form 16A instantly after deposit of TDS

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An NRI seller's brother is selling a property and wants to know if the buyer can deduct TDS, deposit it, and issue the Form 16A certificate all within April. Unfortunately, it's not possible to file the TDS return for the first quarter (Q1) in April. The TDS certificate (Form 16A) can only be downloaded after the Q1 return is filed, with the deadline being 31st July. Therefore, the earliest the certificate can be obtained is in the first week of August.

Rakesh Aggarwal

Rakesh Aggarwal (Querist)

13 April 2023 My brother who is NRI is planning to sell his property and he knows buyer needs to deduct 20% plus surcharge from amount of consideration and if buyer deducts in the month of April and deposits the deducted amount in same April month and He also wants to get TDS certificate in the month of April. My question is: Is it possible to deduct, deposit, generate and issue 16A in the month of April ? Because after registration of property in the name of buyer he does not want to chase buyer for 16A. Please suggest?
Thank You Sir for your reply, But Is it possible to file the TDS Return in April and generate 16A in April. Because this is one off case of TDS for the buyer, thanks

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

13 April 2023 He can issue the payment receipt, but not TDS certificate in Form 16A. As the same can be downloaded after filing first quarter return for FY 2023-24. Last date to file return for Q1 is 31st July. So only in first week of August you can get it.

Rakesh Aggarwal

Rakesh Aggarwal (Querist)

14 April 2023 Thank you Sir Dhirajlal ji but can you answer the modified query, Sorry for bothering you

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

14 April 2023 No. Not possible to file TDS return for Q1 in April. The case remains same if you sell in first week of April or Last week of June.
Well, its responsibility of the TDS deductor to comply the formalities, and seller/ deductee should not worry for the TDS amount deducted. Moreover, the sell deed reflects the amount deducted by purchaser.

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