Tax Year 2026-27 | Income-tax Act, 2025

Property TDS Certificate Download Process for Tax Year 2026-27 | Form 132 Download Process

Paid TDS on a property purchase and need to give your seller the certificate? From 1 April 2026, the property TDS certificate is Form 132, and it must be downloaded from TRACES after Form 141 is processed. This guide shows the exact steps, the details you need, and fixes for common problems. Prefer to skip the hassle? We prepare the challan, file Form 141, and deliver Form 132 for you.

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Property TDS certificate download guide - Form 132 download process for tax year 2026-27

Fee for Property TDS Payment

One simple fee covers the challan, Form 141, and the seller certificate. The TDS amount is paid separately to the government.

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Quick Answer: How to Download Form 132 for Property TDS

After you file Form 141 and it is processed, log in to the TRACES portal as a taxpayer with the buyer's PAN, go to Downloads, choose Form 132 (for buyer), enter the tax year, Form 141 acknowledgement number, and seller PAN, then download it from Requested Downloads. Give it to the seller within 15 days from the due date of Form 141.

What Is Form 132 and Why the Seller Needs It

Form 132 is the TDS certificate issued by the buyer to the seller after property TDS is deducted and deposited. It replaced Form 16B for deductions on or after 1 April 2026. The seller uses it as proof that tax was paid in their name, and checks that the same TDS shows in their AIS and Form 26AS before claiming credit in their income tax return.

What the certificate shows

  • Name and PAN of the buyer and the seller
  • Amount paid and TDS deducted
  • Challan details of the deposit, such as BSR code and date
  • Form 141 acknowledgement number
  • Tax year of the transaction

Who does what

  • The buyer deducts the TDS and files Form 141
  • The buyer downloads Form 132 from TRACES
  • The seller cannot download it on their own
  • The seller uses it to claim TDS credit in the ITR

What You Need Before You Download Form 132

RequirementWhy It Matters
Form 141 filed and TDS paidThe certificate cannot be generated without it
Form 141 processedData must reach TRACES first, usually in a few working days
TRACES login with buyer's PANOnly the buyer (deductor) can request the certificate
Form 141 acknowledgement numberLinks your request to the correct filing
Seller's PANMust match the PAN you entered in Form 141
Tax year of the transactionUse 2026-27 for payments from 1 April 2026 to 31 March 2027

Note: Some portal screens may still show older labels such as "Assessment Year". Follow the on-screen instructions and match the year to your transaction.

Form 132 Download Process on TRACES: Step by Step

Follow these steps on the official TRACES portal. Menu names can change slightly, so follow the options shown on your screen.

  1. Confirm Form 141 is filed and processed

    Form 132 can be generated only after Form 141 is filed, the TDS is paid, and the data is processed. Guides commonly suggest waiting about 5 to 7 working days after filing.

  2. Log in to TRACES as a taxpayer

    Open the TRACES portal and log in using the buyer's PAN. If you have not registered on TRACES before, register first as a taxpayer.

  3. Open Downloads and select Form 132 (for buyer)

    From the dashboard, go to the Downloads section and choose the Form 132 option for property purchases.

  4. Enter the transaction details

    Enter the tax year, the Form 141 acknowledgement number, and the PAN of the seller exactly as filed.

  5. Submit the request and note the request number

    Submit the details and save the download request number shown on the screen.

  6. Download from Requested Downloads and give it to the seller

    Go to Requested Downloads, search with your request number, download the certificate, and hand it to the seller within 15 days from the due date of Form 141.

Form 141 and Form 132 Timeline

StageTimeline
Deduct TDSAt the earlier of payment or credit to the seller
Pay TDS and file Form 141Within 30 days from the end of the month of deduction
Form 132 available on TRACESAfter Form 141 is processed, commonly 5 to 7 working days
Give Form 132 to sellerWithin 15 days from the due date of Form 141

Example: TDS deducted on 18 November 2026 is due by 30 December 2026 with Form 141. Form 132 must then reach the seller by 14 January 2027.

Common Form 132 Download Problems and How to Fix Them

Certificate not available yet

Form 141 may still be processing. Wait a few working days after filing and try again.

Details do not match

Re-check the acknowledgement number, seller PAN, and tax year. They must match Form 141 exactly.

No TRACES access

Register on TRACES as a taxpayer using the buyer's PAN before you request the certificate.

Wrong details in Form 141

A wrong PAN or value in the filing needs a correction first. We can help you fix it.

Frequently Asked Questions

How do I download the property TDS certificate (Form 132)?

Log in to TRACES as a taxpayer with the buyer's PAN, go to Downloads, select Form 132 for buyers, enter the tax year, Form 141 acknowledgement number, and seller PAN, then download the certificate from Requested Downloads once it is generated.

Who can download Form 132, the buyer or the seller?

Only the buyer, who is the deductor, can download Form 132 from TRACES and give it to the seller. The seller cannot generate it on their own.

When can I download Form 132 after paying property TDS?

You can download it after Form 141 is filed and processed. Many guides suggest checking TRACES after about 5 to 7 working days from filing.

What details do I need to download Form 132?

You need your TRACES login with the buyer's PAN, the tax year of the transaction, the acknowledgement number of Form 141, and the seller's PAN.

What is the difference between Form 16B and Form 132?

Form 16B was the property TDS certificate under the Income-tax Act, 1961. Form 132 is its replacement under the Income-tax Act, 2025 for deductions on or after 1 April 2026.

Can I get Form 132 from any source other than TRACES?

No. Only a certificate downloaded from the official TRACES portal is valid. Certificates prepared in any other way are not recognised.

What is the deadline to give Form 132 to the seller?

Form 132 must be given to the seller within 15 days from the due date of Form 141. Form 141 itself is due within 30 days from the end of the month in which TDS is deducted.

What should I do if Form 132 is not available or the details do not match?

First confirm that Form 141 is processed and that the acknowledgement number, seller PAN, and tax year match your filing exactly. If the problem continues, contact us on WhatsApp and we will help you resolve it.

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This page is for general information based on the Income-tax Act, 2025 and current TRACES guidance. Portal screens can change, so please confirm your specific case with a tax professional.