How To Make Payment Of TDS On Sale Of Property

From June first, 2013, when a purchaser purchases relentless property (for example a structure or part of a structure or any land other than agrarian land) costing more than Rs 50lakhs, he needs to deduct TDS when he pays the dealer. This has been spread out in Section 194-IA of the Income Tax Act.

Here’s how to make payment of TDS on sale of property:

I. Ventures to fill structure 26QB :

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  • Go to TIN NSDL website ( ).
  • Under ‘TDS on special of property’, click on “Online structure for outfitting TDS on the property (Form 26QB)” or click here
  • Select the pertinent challan as “TDS on Sale of Property”.
  • Fill the total structure as material.
  • (Client ought to be prepared with the accompanying data while filling the structure 26QB :
  • Skillet of the merchant and purchaser
  • Correspondence subtleties of vendor and purchaser
  • Property subtleties
  • The sum paid/credited and charge store subtleties
  • Present the properly filled structure to continue. An affirmation screen shows up. In the wake of affirming, a screen shows up indicating two catches as “Print Form 26QB” and “Submit to the bank”. An extraordinary affirmation number is likewise shown on the screen. It is prudent to spare this affirmation number for some time later.
  • Click on “Print Form 26QB” to print the structure. At that point click on “Submit to the bank” to make the required installment online through web banking. At that point continue to the installment page through web banking office of different banks. For a rundown of approved banks, if you don’t mind allude
  • On effective installment, a challan counterfoil will be shown containing CIN, installment subtleties and bank name through which e-installment has been made. This counterfoil is verification of payment being made
  • Continue to TRACES entrance ( following 5 days to download Form 16B.

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II. Ventures to Download Form 16B:

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  • Register and login on TRACES entrance ( as citizen utilizing your PAN.
  • Select “Structure 16B (For Buyer)” under the “Downloads” menu.
  • Enter the subtleties relating to the property exchange for which Form 16B is to be mentioned. Enter the Assessment Year, Acknowledgment Number, PAN of Seller and snap on “Continue”.
  • An affirmation screen will show up. Snap-on “Submit Request” to continue.

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A triumph message on accommodation of download solicitation will show up. It would be ideal if you note the solicitation number to scan for the download demand.

Snap-on “Mentioned Downloads” to download the mentioned records.

Scan for the solicitation with solicitation number. Select the solicitation line and snap on “HTTP download” catch.


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