Deductor can pay such TDS by any of the following mode:-
Either make the payment online (through e-tax payment option) immediately or make the payment subsequently through e-tax payment option (net-banking account) or by visiting any of the authorized Bank branches. However, such bank branches will make e-payment without digitization of any challan. The bank will get the challan details from the online form filled on http://www.tin-nsdl.com.
Once the Payment is made now the dedcuctor is required to issue TDS certificate in form 16B to the seller of the Property. Now the question is how to prepare or from where deductor can get such certificate for the purpose of issue to the seller? Answer is deductor can download such certificate from Traces website and issue to the seller.
Procedure to Download TDS certificate in form 16B is as follows:-
1. Login to:
2. Click on Register New User and you will be asked to provide basic details such as your
- Date of Birth
- Last, Middle and First Name and would also be required to further validate details of either tax deducted (option 1) or tax paid by you (option 2).
To download form 16B, go to download, click on request for form 16B, validate details and submit your request. After some time the same shall be available under download menu. Click on download, click of available and download and save it your computer.
Print, sign and deliver it to the seller.