TDS on Sale of Property (Form 26QB) – Online Filing Made Easy

Under Section 194IA of the Income Tax Act, buyers must deduct 1% TDS on property sales above ₹50 lakh. FileBob.in offers a simple and fast online filing solution for Form 26QB.

For Buyers – File 1% TDS on Property Purchase Online

If you're buying a flat, plot, or house above ₹50 lakh, you must deduct 1% TDS and file Form 26QB.

• ✔ Fast, easy & fully online process
• ✔ Form 26QB + Challan + Acknowledgment
• ✔ Avoid penalties & comply with law
• ✔ Just ₹590/- service charge

For Builders & Developers – Ensure Buyer TDS Compliance

Builders must ensure that buyers comply with TDS rules. Avoid registration delays and stay legally safe.

• ✔ Easy reference portal for your buyers
• ✔ Bulk filing support for multiple units
• ✔ Dedicated team for large developers
• ✔ No cost to builder, fast processing

Why File TDS with FileBob.in?

• 🔐 Secure & fast document handling
• 🧾 Expert-prepared Form 26QB
• 📩 Same-day acknowledgment via email
• 📱 WhatsApp & email support
• 💳 Simple & transparent pricing

Section 194IA Explained

According to Section 194IA of the Income Tax Act:

• ➤ TDS @1% must be deducted by the buyer on property sale value (not stamp duty value)
• ➤ Applies to all residential, commercial & land sales where value exceeds ₹50,00,000
• ➤ TDS must be paid through Form 26QB (online) within 30 days of payment
• ➤ Buyer must issue Form 16B (TDS Certificate) to seller

Example

Example: Mr. A is buying a flat from ABC Builders for ₹75,00,000.

• ➡ Mr. A must deduct ₹75,000 (1%) from the payment
• ➡ He must deposit this with the Income Tax Department using Form 26QB
• ➡ After payment, he must provide Form 16B to ABC Builders

What if PAN is Not Available?

If seller’s PAN is not available, TDS rate can increase to 20% under Section 206AA. PAN of both buyer and seller must be quoted correctly.

What If You Miss the Deadline?

If Form 26QB is not filed within 30 days of payment:

• ❗ Late Fee of ₹200/day under Section 234E
• ❗ Interest @1% per month from date of deduction
• ❗ Notices may be issued under Section 201

How It Works – 3-Step Filing Process

1. Upload Docs: Agreement, PAN, property details
2. We File It: TDS challan & Form 26QB ready
3. Get Proof: Acknowledgment + report via email

Why Use FileBob for Form 26QB?

• ✅ Fast 1-day document processing
• ✅ Form 26QB + Challan + Acknowledgment
• ✅ PAN validation + error-proof filing
• ✅ ₹590/- all-inclusive fee
• ✅ Expert support on WhatsApp & Email

What is the Due Date for Filing Form 26QB?

The buyer must file Form 26QB within 30 days from the end of the month in which the property payment was made to the seller.

🔍 Examples:

• If payment to the seller is made on 10th July, then Form 26QB must be filed by 30th August.
• If payment is made on 28th February, then due date for filing Form 26QB is 30th March.
• If you make multiple payments in different months (installments), then a separate Form 26QB must be filed for each installment within 30 days of that respective month-end.

Note: Missing the due date attracts a late fee of ₹200/day (u/s 234E) and possible interest and penalties. Ensure timely compliance to avoid notices from the Income Tax Department.

How to Fill TDS on Sale of Property (Form 26QB)?

As per Section 194IA of the Income Tax Act, if you are buying a property worth ₹50 lakh or more, you must deduct 1% TDS from the sale amount and deposit it using Form 26QB on the TIN website. Here's how to do it:

🔹 Step-by-Step Guide:

1. Visit the official TIN NSDL website.
2. Navigate to e-Payment: Pay Taxes Online > TDS on Property (Form 26QB).
3. Fill in the required details:
   • Buyer & Seller PAN details
   • Property address
   • Date of transaction
   • Amount paid
   • TDS amount (1% of sale consideration)
4. Choose your payment method (Net Banking/NEFT/RTGS).
5. After successful payment, download the Challan 280 (proof of payment).
6. Download the Form 26QB Acknowledgment for your records.
7. Provide a copy of the challan and acknowledgment to the seller.

💡 Tip: You can also take help from FileBob.in to complete the process professionally and error-free.

How to Download Form 16 for TDS on Sale of Property?

After filing Form 26QB for TDS on sale of property, the buyer is required to issue Form 16B (TDS certificate) to the seller. This certificate acts as proof that TDS has been deducted and deposited to the Income Tax Department.

📥 Step-by-Step Guide to Download Form 16B (Form 16 for Property TDS):

1. Visit the official TRACES website: https://www.tdscpc.gov.in
2. Click on Login under "Taxpayer".
3. Login using the PAN of the buyer (deductor) and password. If not registered, first complete the registration.
4. After login, navigate to Downloads → Form 16B (For Buyer).
5. Enter the acknowledgment number of Form 26QB and other required details.
6. Submit the request. You will get a download link after 24–48 hours (once the file is generated).
7. Download the file and use the password (first 5 characters of PAN in uppercase + DOB in DDMMYYYY format) to open it.
8. Provide Form 16B to the seller as proof of TDS deduction.

✅ Note: It is mandatory to issue Form 16B to the seller within 15 days from the due date of filing Form 26QB.

💡 Need help downloading Form 16B? Our team at FileBob.in can assist you with full support and document handling.

Frequently Asked Questions (FAQs)

Who deducts TDS on property?

The buyer is legally responsible for deducting and depositing TDS using Form 26QB if the property value exceeds ₹50 lakh.

What is Form 26QB?

Form 26QB is the Income Tax form for TDS payment on property purchases under Section 194IA.

What if I miss the deadline?

Failure to file Form 26QB within 30 days can result in interest, penalties, and delay in property registration.

Is PAN required?

Yes, PAN of both buyer and seller is mandatory. Without it, higher TDS rate may apply.

Ready to File TDS on Your Property Purchase?

Start with FileBob.in today. Seamless online filing, expert support, and fast turnaround.