Auditorwala

Steps

Just fill the form and our CA's will contact you regarding the TDS on Property(26 QB).

Filling out the form is quick and easy and will provide you with numerous benefits in the long run. By this, you will be able to get consultation from our Auditorwala CA/CS and will be able to get Guidance. So, why wait? Take the first step towards a bright future for your business and fill out the form today.

Details Required for Payment of TDS for Immovable Proeprty

PAN Card Buyer(s) of Proeprty

PAN Card Seller(s) of Proeprty

Adhar Card of Buyer(s) of Property

Adhar Card of Seller(s) of Immovable Property

Address of Immovable Property

TAN Number required if seller is Non Resident Indian (NRI)

How to file Form 26QB?

Step-1 : Go to TIN NSDL website

Go to Services> Select TDS on Sale of Property.

Step-2 : Checking

Click on Online form for furnishing TDS on Sale of Property (Form 26QB)
From the left hand site list.

Step-3 : Fill the details in the form

Details of Buyer, Seller, Property, TDS etc needs to be added.

Step-4 : Make payment of TDS

Payment can be made wither immediately or on a later date. An acknowledgment will be generated upon successful submission.

Calculation of TDS Amount (As per stipulated Rate of 194IA)

Filing of FORM 26QB for Statement of TDS for Immovable Property

Chalan Generation for Payment of Property TDS

Payment of TDS Chalan (Online / Offline)

Generation of FORM 16A : Property TDS Certificate

General Consultancy Related to Filing of Proeprty TDS

TDS on Property should be deducted at the time of making the payment to the seller. If the payment is made in installments, TDS should be deducted on each installment.

TDS Payment on Sale of Immovable Property

As per Income Tax Act, 1961 Section 194IA is described the provisions of TDS on Sale of Immovable Property. Immovable Property Includes all types of Land, Building, Office, Commercial Spaces, Bungalows, Flat, Apartment, etc. Such TDS Required to be deducted by the buyer of property if the value of Immovable Property is more than Fifty lakhs (50 Lacs). Firstly, the Buyer of Property will deduct Straight 1% from the payment of the seller. Secondly, the Buyer will file TDS Form 26QB electronically from the NSDL Portal with the Depositing Payment of TDS. Lastly, the Buyer will Download Form 16A from TRACES a Certificate of TDS for Sale of Immovable Property, Such Form 16A should be given to the seller of Immovable Property.