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Form 26QB for TDS on Property

  • Form 26QB is a TDS certificate for deduct TDS on a sale of property. Fill this form to get a certificate.
  • Completely online service - No physical presence required
  • 100% Fast and Secure Online Process

Required Documents

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PAN Card of both buyer & seller

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Complete address of buyer & seller

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Complete address of property sold

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Mobile and email id of buyer

Required Documents

PAN Card of both buyer & seller

Complete address of buyer & seller

Complete address of property sold

Mobile and email id of buyer

Frequently Asked Question

Step by step procedure of registration.

(a) If payment is made online:- Make payment through net banking
(b) If payment is made offi\line:- Generate 26QB showing unique acknowledgement number and visit any bank branch for payment

  • Make payment of TDS through challan 26QB (online or offline) on https://onlineservices.tin.egov.nsdl.com/etaxnew/tdsnontds.jsp-
  • Wait for 6-7 days so that challan so paid is reflected on TRACES site- https://www.tdscpc.gov.in
  • Buyer to register on TRACES website as “Tax Payer” using his PAN & challan number
  •  Activate User ID of buyer by validating email activation code and mobile OTP
  • Login to User ID in TRACES website and enter “Download” Tab & make application for request of Form 16B using acknowledgement number of 26QB
  • Form 16B is not available immediately and will show status as “Submitted”
  • After few hours, Form 16B will be available and show status as “Available”
  • Download Form 16B in Zip format
  • Unzip the file and open the file in PDF using password as “Date of birth” in DDMMYYYY format
  • Take a print of Form 16B available in PDF

How is the “total value of sales consideration” determined for the purpose of deducting TDS @ 1%?

Consideration for immovable property shall include not only purchase price agreed but shall also include all charges of the nature of club membership fee, car parking fee, electricity or water facility fee, maintenance fee, advance fee or any other charges of similar nature, which are incidental to the transfer of the immovable property. TDS shall be deducted @ 1% on such total consideration inclusive of all above charges

How is Form 26QB filed where there are more than 1 buyer or seller?

Where the value of property is Rs. 50 Lakhs or more and number of buyer or seller is more than 1, TDS will be deducted separately for each buyer or seller. Suppose there is 1 seller and 2 buyer, then each buyer will deduct TDS separately for seller. If there is 2 seller and 1 buyer, such buyer will deduct TDS for 2 seller separately

What are the implications of non filing of Form 26QB?

  1. For non filing or late filing of Form 26QB, a late fee u/s 234E of the Income Tax Act is levied at Rs. 200 per day for each day of delay
  2. Further, Interest is payable @ 1% per month for the period from the date on which TDS is deductible to the date on which TDS is actually deducted
  3. Further, if TDS is deducted but not deposited, Interest @ 1.5% from the date on which TDS is deducted to the date of actual deposit of TDS
  4. Further, Assessing officer has powers to levy penalty u/s 271H