Master in Accounts & high court Advocate
9615 Points
Posted on 02 February 2025
It seems like you've completed the TDS deduction and filing process for the property purchase, but you're facing an issue downloading Form 16B from the TRACES website.
First, let's break down the process to ensure everything was done correctly: -
*TDS Deduction*: You deducted TDS on the property purchase as per Form 26QB under Section 194IA on January 30, 2025.
- *Filing Form 26QB*: You filed Form 26QB, which is the correct procedure for reporting TDS on property purchases. -
*TRACES Registration*: You registered on the TRACES website, which is necessary for downloading Form 16B.
Given that you've followed the correct procedures, the issue with downloading Form 16B might be due to a few reasons: - *
Timing*: It may take some time (usually 10-15 days) after filing Form 26QB for the data to be reflected on the TRACES website.¹ -
*Incorrect Search Criteria*: Double-check that you're using the correct PAN, acknowledgement number, and other details while searching for Form 16B on the TRACES website. - *Technical Issues*: It's possible that there are technical issues with the TRACES website or the Form 16B download process. To resolve this issue, you can try the following: -
*Wait for Some Time*: Wait for a few more days to see if the data is updated on the TRACES website. -
*Verify Search Criteria*: Re-check your search criteria to ensure that you're using the correct details. -
*Contact TRACES Support*: Reach out to the TRACES support team for assistance with downloading Form 16B. If you're still facing issues, consider consulting a tax professional or seeking guidance from the TRACES support team.