Form 16B not generated

This query is : Resolved

nitin ravi (Querist)
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17 February 2021 Hi,
I have paid TDS on property on 7th Feb and today is 17th, still I am unable to generate form 16B. It says no data available. Can anybody please help. Its a bit urgent.

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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07 July 2024 If you have paid TDS on property and are unable to generate Form 16B even after a reasonable period, there could be a few reasons for this issue. Here’s what you can do to resolve it:

1. **Verify TDS Payment**: Double-check that the TDS payment made on 7th February has been successfully processed and reflected in the income tax records. You can do this by checking your Form 26AS, which is available on the Income Tax e-filing portal. Ensure that the TDS amount is correctly credited against your PAN for the property transaction.

2. **Check Form 26AS**: Log in to your account on the Income Tax e-filing portal and view your Form 26AS. This form provides details of TDS deducted on various incomes, including property transactions. Verify if the TDS deducted on your property transaction is appearing correctly in Form 26AS.

3. **Wait for Processing**: Sometimes, it takes a few days for the TDS payment to be processed and updated in the system. Given that it has been more than 10 days since the payment, if it still does not reflect, there might be a delay or an issue that needs attention.

4. **Contact TDS Reconciliation Cell**: If you are unable to generate Form 16B due to "No data available," despite confirming the TDS payment and it reflecting in Form 26AS, you may need to contact the TDS Reconciliation Cell (TRACES) helpline. They can assist you in checking the status of your TDS deduction and resolving any discrepancies.

**Professional Assistance**: If the issue persists and you need urgent assistance, consider seeking help from a tax professional or Chartered Accountant who can navigate the Income Tax e-filing portal and TRACES system effectively.

By verifying the TDS payment in Form 26AS and contacting TRACES for assistance, you should be able to resolve the issue of generating Form 16B promptly.