Tds on property


This query is : Resolved 

(Querist)
14 October 2013 Is the deductor of 1% tax on property required to file return of TDS? If yes, What is the procedure?

Please also suggest the procedure for downloading Form 16B from TRACES site.

Thanks in advance.

Ankit (Expert)
14 October 2013 no TDS return is to be filed.

Renu Chopra (Querist)
14 October 2013 And what about Form 16B to be issued to the deductee, i.e. the seller of property?

Ankit (Expert)
14 October 2013 That is the TDS certificate…it is to be generated online from TRACES website, by logging in as Tax Payer


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