TDS on Purchase of Immovable Property

Now file Form 26QB online

File Form 26QB for purchase of land / building >= 50 Lacs from Indian Resident.

Service includes providing TDS certificate from TRACES portal

Click here if any of the sellers is a non-resident

Competitive Pricing and Professional Approach

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Salient Features

TDS is applicable on sale of immoveable property (other than rural agricultural land) wherein the sale consideration of the property exceeds or is equal to ₹ 50,00,000 (Rupees Fifty Lakhs).

 

Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1% should be deducted by the purchaser of the property at the time of making payment of sale consideration. Tax so deducted should be deposited to the Government Account through any of the authorised bank branches.

Important Considerations

Buyer or Purchaser of the property is not required to procure Tax Deduction Account Number (TAN). The Buyer is required quote his or her PAN and sellers PAN.

 

TDS certificate in Form 16B is to be issued by the deductor (Buyer of property) to the deductee (Seller of property) in respect of the taxes deducted and deposited into the Government Account.

Online statement cum challan Form/ Form 26QB is to be filled in by each buyer for unique buyer-seller combination for respective share. E.g. in case of one buyer and two sellers, two forms have to be filled in and for two buyers and two seller, four forms have to be filled in for respective property shares.

Steps Involved

01

FILL UP BASIC DETAILS BELOW

Our Interactive form will help us understand your requirements and assess list of documents required,

02

SUBMIT DOCUMENTS AND PAY FEES

Our team member will contact you to advise list of documents required for processing your application and invoice for professional services.

03

process and submit application

Our team coordinates with you to pay your taxes and submits your Form 26QB with authorities.

04

TDS CERTIFICATE ISSUED

Post processing of Form 26QB by Income Tax Department, TDS certificate in Form 16B can be downloaded from Income Tax Department portal.

If your need additional services in relation to Form 26QB, please write to us or call us.

Let's file your Form 26QB. First, let's start with understanding your requirements:

TDS on purchase of Immovable Property

Property is
Payment made in
Are any of the buyers non-resident?
Are any of the sellers non-resident?
Is your property classified as rural agricultural land?