TDS on Purchase of Property Form 26QB

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Follow simple steps to pay TDS and File Form 26QB

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Answer the simple question and send the relevant information
Our tax expert will prepare your Form 26QB.
Check Form 26QB, Pay TDS and relax.
Once TDS Return is processed, our team will generate Form 16A and send you for record.

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TDS On Purchase of Property

Seller is Resident Indian

Documents Required form filing Form 26QB

PAN Card and Aadhar Card of Buyer
Email Id and Mobile No of Buyer
PAN Card and Aadhar Card of Seller
Email Id and Mobile No of Seller
Total Value of Sales Consideration as per Stamp Duty and Actual
Date of Registration

TDS on Purchase of Property from Resident Individual

₹ 2499

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Our approach to file Form 26QB

Step 1

Collect the required information from client

Step 2

Prepare draft Form 26QB

Step 3

Uplod the details on Income Tax Portal and Generate Challan

Step 4

Make tax payment by Client

Step 5

Once Form 26QB processed, generate Form 16A

TDS On Purchase of Property

Seller is Non-Resident Indian (NRI)

Documents Required for TDS Return

Tax Collection Account Number (TAN) of Buyer
PAN, Aadhar Card of Buyer
Email and Mobile Number of Buyer
PAN Card and Aadhar Card of Seller
Email Id and Mobile No of Seller
Total Value of Sales Consideration as per Stamp Duty and Actual
Date of Registration

TDS on Purchase of Property from Resident Individual

₹ 14,999

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Our approach to file Form 27Q for NRI

Step 1

Collect the required information from client

Step 2

Calculate the Tax Amount as per Income Tax provision for NRI

Step 3

Prepare Challan for TDS Payment

Step 4

Make tax payment by Client

Step 5

Preparation of Form 27Q and Filing the same with Income Tax

Step 6

On successful processing of return, Generating Form 16A

Frequently Asked Question (FAQ)

Form 26QB is a statement-cum-challan that is required to be furnished by the BUYER of immovable property (other than agricultural land) to deposit the tax deducted at source (TDS) on the amount paid to the Resident Seller if total amount of sales consideration is ₹ 50 Lakhs or more.

The BUYER of immovable property is responsible to file Form 26QB

TDS to be deducted at 1% of total sales consideration paid to seller(s).

NO. Form 26QB is not applicable where purchase of property is from Non-Resident Indian. In case of Seller is Non-Resident Indian (NRI), TDS to be deducted under Section 195 of Income Tax Act.

If Form 26QB is not filed within specified timeline in Income Tax Act, BUYER is liable to pay late fees of ₹ 200 / per-day subject to maximum of the total TDS amount payable.

In case of delayed deduction of TDS, Buyer is liable to pay penal interest at rate of 1% per month of the tds amount

In case of delayed payment of of TDS, Buyer is liable to pay penal interest at rate of 1.5% per month of the tds amount

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