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TDS ON PURCHASE OF PROPERTY HAVING MORE THAN 1 BUYER AND SELLER

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K P BHANUSHALI

PROPRIETOR

238 Points Posted on 13 March 2025

Hi Friends/Seniors,

One of my client has bought commercial property.

For this property, there are 3 joint sellers.

TDS was duly deposited with Income Tax Department.

Yesterday, 3 mails were received stating "Your TDS statement filed and there are no defaults".

Today, as I was applying for TDS certificates, only 1 TDS Certificate was available.

For balance 2 TDS certificates, how to apply on Traces ?

If anyone has idea, do share with me to enable me to download balance 2 TDS certificates.

Thanks & regards

Replies (2)

Quick Summary

A user encountered an issue where only one TDS certificate was available for a property purchase involving three joint sellers, despite TDS being duly deposited. They sought guidance on how to apply for the remaining two TDS certificates on the TRACES portal. The provided solution outlines the steps to log in to TRACES, navigate to the download section for Form 16A, select the relevant financial year and quarter, enter the deductee's PAN and token number, and then download the certificates. It also advises verifying that TDS statements were filed and that there are no defaults.

Rama chary Rachakonda

Master in Accounts & high court Advocate

7021 Points Posted on 13 March 2025

To download the remaining two TDS certificates on TRACES, follow these steps: - *Login to TRACES*: Log in to the TRACES website using your credentials. - *Navigate to Downloads*: Click on the 'Downloads' tab and select 'Form 16A' or 'Form 16', as applicable. - *Select Financial Year and Quarter*: Choose the financial year and quarter for which you want to download the TDS certificate. - *Enter PAN and Token Number*: Enter the PAN of the deductee and the token number of the TDS return filed. - *Verify and Download*: Verify the details and download the TDS certificate. Additionally, ensure that: - *TDS Statements are Filed*: Verify that the TDS statements have been filed by the deductor. - *No Defaults*: Confirm that there are no defaults in the TDS statements. If you're still facing issues, you can contact the TRACES helpdesk for assistance.¹