What is Form No. 16C?

What is Form No. 16C?

For the purpose of bringing the high rental income groups within the ambit of tax, the government in the Budget 2017 inserted a new Section 194IB. Under this section, individuals and HUF who pay rent of Rs 50,000 or above will have to deduct TDS at the rate of 5% on this rent. After such deduction, the deductor is required to issue a certificate of deduction in Form No. 16C to the deductee. This form reflects the amount of TDS deducted on rent @ 5 % by the individual/HUF (u/s 194IB).  It is similar to Form 16 or Form 16A issued for salary and other payments respectively. The tenant is required to furnish Form 16C to the landlord within 15 days from the due date of giving challan cum statement in Form 26QC.


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