Go to Downloads > Form 16B/16C (For Buyer/ Tenant) Login to TRACES – Enter User Id, Password, PAN, and captcha. PAN of Buyer and PAN of Seller is mandatory To file Form 26QB, TAN is not required.TDS Certificate – Buyer should provide Form 16B to the Seller.TDS Return – Buyer should file Form 26QB.Rate & Section – Buyer should deduct TDS u/s 194IA 1%.Nature of Payment – Sale of Immovable Property exceeding Rs.Deductor or Taxpayer – Any person who buys an immovable property other than agricultural land.It contains details of payment on the sale of immovable property and TDS deducted on it. Form 16B is a TDS Certificate issued by a Buyer (Taxpayer) to Seller (Deductee) on purchase of property under Sec 194IA which taxpayers can download from the TRACES portal. TRACES is the online portal for filing TDS Returns, correction of TDS Returns, and downloading TDS documents. It is the online portal for administration and implementation of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source). TRACES means TDS Reconciliation Analysis and Correction Enabling System.
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