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Registrar of Mortgage Brokers Suite 2800 Box 12116 555 West Hastings Street Vancouver BC V6B 4N6 mortgagebrokers ficombc.ca FORM 16B CERTIFICATIONS and CONSENTS for NON-MB E-FILING APPLICATIONS CONSENT FOR SUITABILITY REVIEW OF INDIVIDUAL I hereby authorize the Registrar and its Agent the Financial Institutions Commission FICOM to inquire and conduct a suitability review to determine if it is in the public s interest that I be granted registrat...

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What is form 16b means?

Form 16B is a certificate issued by the buyer of immovable property to the seller for tax deducted at source (TDS) on the sale of the property.

Who is required to file form 16b means?

The buyer of immovable property is required to file form 16B as per the provisions of the Income Tax Act, 1961.

How to fill out form 16b means?

Form 16B can be filled out online on the TRACES website by providing the necessary details such as PAN of the buyer and seller, acknowledgment number of the TDS deposited, details of the property, etc.

What is the purpose of form 16b means?

The purpose of form 16B is to provide a certificate to the seller of immovable property as evidence of TDS deducted by the buyer, which can be used for claiming credit or refund of TDS while filing their income tax return.

What information must be reported on form 16b means?

Form 16B requires details such as buyer's and seller's PAN, TDS deductor identification number, details of the property, amount of TDS deducted, and other relevant information related to the sale transaction.

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