Advantages of inductively coupled links for short-range communications are well known. Recently, they gained popularity as a viable solution for wireless power transmission. Interesting to notice that data communication capability is required as well, mainly for coordinating the transfer process. In this paper, the authors address the use of chirp signaling over inductively coupled links for both time dissemination and data communications. Such an approach extends field of applications, including data acquisition and instrumentation that are used in industrial automation. The effectiveness of the proposed approach is verified with extensive simulations and using a proof-of-concept prototype. Despite the prototype simplicity, jitter on the synchronizing reference signal is in the order of few microseconds and the bit error rate, over a short distance, is negligible.