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Home > TDS > Service Plan Pricing > Sale of Property (Form 26QB) TDS Return Service PlanLast Updated: Nov 21th 2022

Sale of Property (Form 26QB) TDS Return Service & Pricing

Service

  • Consultation and guidance in TDS Challan Payment and Filing.
  • Income Tax E Filing and Traces Registration.
  • Filing of TDS Return (26QB). Refer Guide on Form 26QB
  • Generation of Form 16B.
  • Expert Support through e-mail, Phone & Chat during business hours.

Who should buy?

  • Any resident individual who has purchased immovable property where the seller is not an NRI.
  • Any business entity operating in India and has purchased immovable property.

Process

  • Upon receiving the documents, our expert will call you before starting the process.
  • Expert team will exchange the information thru email and phone calls, if necessary.
  • Filing of Form 26QB. (a guide on Form 26QB TDS on Property Guide)
  • Generation of Form 16B for the concerned deductees.
  • Estimated Processing Time: For receipt of Form 16B, generally within 7-15 working days.

Documents to be Submitted

  • PAN of Buyer and Seller.
  • Address, Mobile No and e-mail id of buyer and seller.
  • Copy of Sale Deed.
  • In case of an under construction property, a copy of payment schedule

Other Benefits

Every Service comes with the benefits such as

  • Faster Service
  • Challan Payment Process
  • Post-Service Follow up
  • 26QB PDF Report
  • Form 16B Assistance
  • General Guidance
Sale of Property (Form 26QB)
Rs.1499
Market Price  Rs. 1999 

Consultation and guidance in applicability of TDS, Challan Payments and Filing, Income Tax E Filing and Traces Registration, Filing of TDS Return(26QB), Generation of Form 16A for the concerned deductees

Refer How to take Expert TDS Service?


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TDS on sale of property FAQs

A comprehensive list of frequently asked questions on TDS on sale of property .

1.What is TDS on property ?

The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs. 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor.

Know more on Form 26QB (TDS on Property)

Additional FAQs @ Form 26QB (TDS on Property) FAQs

2.Who is responsible to deduct the TDS on sale of Property ?

According to rules in respect of tax deducted at source, buyer of the property would have to deduct the TDS and deposit the same in Government treasury.

3.What is Form 26QB ?

The online form available on the TIN website for furnishing information regarding TDS on property is termed as Form 26QB.

4.What is Form 16B ?

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

5.Who is responsible to deduct the TDS on sale of Property ?

Buyer of the property would have to deduct the TDS and deposit the same in Government treasury.

6.What is the due date of payment of TDS on sale of property ?

Due date of payment of TDS on transfer of immovable property is thirty days (from existing seven days) from the end of the month in which the deduction is made.

7.From where will I get the Form 16B ?

Form 16B will be available for download from the website of Centralized Processing Cell of TDS (CPC-TDS) www.tdscpc.gov.in


Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.