What is form 16C?

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Form 16C is the newly introduced TDS certificate to be issued by rent payer (deductor) i.e. individuals & HUF’s who are not under Tax audit (under section 44AB) and does not have a Tax Account No. (TAN), paying a rent of Rs. 50,000/- or above per month, to the rent receiver (deductee) as per section 194IB of the Income Tax Act.

This TDS Certificate (Form 16C) needs to be downloaded from the TRACES website (www.tdscpc.gov.in) after the TDS amount has been deposited using Form 26QC. Issuing Form 16C to the landlord by the tenant acts a proof of TDS paid.

Form 16C contains details of the deductor and deductee with respective PANs, certificate number, financial year of deduction, unique acknowledgement number, amount paid, date, amount of tax deducted and deposited.

Format for Form 16C

What is form 26QC?

Section 194IB – TDS on Rent (for Individuals & HUF)

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