Form 16B shall be generated by TDS-CPC after the processing of Form 26QB (statement come Challan form) filed by buyer.
Following are the steps to generate form 16B:-
- Buyer has to register on TRACES as Taxpayer.
- Login to TRACES as tax payer.
- Submit Download Request for Form 16B under ‘Downloads’ tab.
- File will be available under ‘Requested Downloads’ in ‘Downloads’ tab.
- Form 16B will be generated in PDF file and password to open this file is date of birth of the buyer in ddmmyyyy format i.e. if the date of birth is 4th October 1976, password would be 04101976.
Source: TRACES
I have applied for form 16B on 22nd June, so far the status is showing as submitted. I have form 26QB, also money is showing deducted in form 26AS. Can you please guide me.