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TDS on Property Purchase (Form 26QB Filing)
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TDS on Property Purchase is a tax deducted at source that must be paid by the buyer of an immovable property (other than agricultural land) under Section 194-IA of the Income Tax Act, 1961. If the property value is ₹50 lakh or more, the buyer is legally required to deduct 1% TDS on the total sale amount and deposit it with the government using Form 26QB.
This deduction ensures that the seller’s income from the property is recorded and taxed appropriately. The buyer must also issue a TDS certificate (Form 16B) to the seller after successful payment.
Non-filing or delayed submission of Form 26QB can lead to heavy interest, late fees, or penalties. Hence, timely and correct filing is crucial.
Ebizfiling simplifies this process by helping buyers calculate TDS, file Form 26QB accurately, and generate Form 16B — ensuring full compliance without errors.
Why Choose Ebizfiling for TDS on Property Purchase?
Filing TDS on property transactions can be confusing for first-time buyers. Ebizfiling ensures accuracy, compliance, and timely submission of Form 26QB to avoid penalties.
Our experts handle everything from TDS calculation and payment verification to downloading Form 16B. With 100% online support and a quick turnaround, you can complete your TDS filing from anywhere in India in just a few hours. Ebizfiling also provides Partnership Registration, HUF, LLP Incorporation and One Person Company registration and Secretarial Compliance Services.
We make sure your transaction remains transparent, compliant, and stress-free — with every form filed correctly the first time. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation.
Prices for filing Form 26Q (TDS on purchase of property)
ESSENTIAL - Payment of TDS on purchase of property (form 26QB)
Mandatory norms for TDS Payment for the purchase Immovable Property
The TDS payment is to be made by the buyer and not the seller.
The buyer has to deduct TDS at 1% of the total sale consideration.
TDS is required to be paid only if the consideration is more than 50 lakhs
If the payment is made on installments, then TDS has to be deducted on each installment paid.
On property purchased on or after 1st September, 2019, the Consideration for immovable property shall 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.
The buyer of any immovable property can make the payment using your PAN.
For the purpose of making payment of TDS on immovable property, the buyer has to obtain the PAN of the seller.
The TDS on immovable property has to be paid using Form 26QB within 30 days from the end of the month in which TDS was deducted.
After depositing TDS to the government, the buyer is required to furnish the TDS certificate in form 16B to the seller. This is available around 10-15 days after depositing the TDS.
Documents required for TDS Payment online in Form 26QB
Full names of buyer and purchaser
PAN of the buyer
PAN of the seller
Details of the Transaction
Address of the transferor and transferee
Address of the property purchased
Benefits of Filing TDS on Property Purchase
Legal Compliance
Ensures your property transaction meets the legal requirements under Section 194-IA.
Avoid Penalties
Prevents interest and late fees caused by delayed or incorrect Form 26QB filing.
Accurate Filing
Ebizfiling ensures all TDS details are entered correctly to avoid mismatched records.
Time Saving
Complete your entire TDS filing online in just a few steps with expert assistance.
Transparency
All payments and acknowledgments are tracked through secure government portals.
Expert Assistance
Get professional help for error-free filing, payment confirmation, and Form 16B download.
How to make TDS payment online for purchasing Immovable property?
5 Easy Steps
1
Fill in the simple checklist
2
Preparing form 26QB
3
Filing of TDS payment
4
Challan counterfoil
5
Downloading form 16B
How Ebizfiling Helps with Form 26QB Filing ?
We collect and verify all transaction details for accuracy.
Our experts calculate the exact TDS amount as per Income Tax rules.
We fill and submit Form 26QB online on your behalf.
Assist in making secure online payment through authorized portals.
Download and provide Form 16B certificate after processing.
Track your acknowledgment and filing status in real time.
Provide end-to-end guidance for multiple buyer/seller cases.
Ensure complete compliance to avoid penalties or legal notices.
FAQs on TDS on Property Purchase (Form 26QB)
Get answers for all your queries
What is Form 26QB?
Form 26QB is a return-cum-challan for depositing TDS deducted on the purchase of property valued at ₹50 lakh or more. It must be filed by the buyer within 30 days from the transaction date.
Who is responsible for filing TDS on property purchase?
The buyer of the property must deduct and deposit 1% TDS from the sale consideration and file Form 26QB with the Income Tax Department.
When should Form 26QB be filed?
Form 26QB must be filed within 30 days from the end of the month in which the property payment is made or credited to the seller.
Is TDS applicable if multiple buyers or sellers are involved?
Yes, each buyer-seller combination requires a separate Form 26QB to be filed individually with their respective details.
What happens if TDS is not deducted or filed on time?
Failure to file TDS on time may attract interest @1%–1.5% per month, along with penalties under the Income Tax Act.
Can TDS be paid offline?
No. TDS on property purchase must be paid online through the official TIN-NSDL or TRACES portal using internet banking or debit card.
What is Form 16B?
Form 16B is a TDS certificate generated from the TRACES portal, issued by the buyer to the seller after TDS payment under Form 26QB.
How does Ebizfiling assist with TDS filing?
Ebizfiling manages the complete process — from calculating TDS and filing Form 26QB to downloading Form 16B — ensuring 100% accuracy.
What if the property value is below ₹50 lakh?
No TDS deduction is required if the total consideration for the property is less than ₹50 lakh.
Can I revise Form 26QB after submission?
Yes, corrections can be made through the TRACES portal with authorization. Ebizfiling can assist in submitting the correction request.
Can NRI buyers or sellers file Form 26QB?
Form 26QB applies only to resident transactions. For NRI cases, TDS under Section 195 applies, and separate filing is required.
What is the TDS rate on property purchase?
The buyer must deduct 1% TDS on the property purchase amount if the sale value is ₹50 lakh or more.
What are the penalties for late filing?
A late filing fee of ₹200 per day under Section 234E is charged until the return is filed, subject to the total TDS amount.
How do I download Form 16B?
After payment, log in to the TRACES portal using your PAN and download Form 16B under the “Downloads” section.
Do I need a TAN to file Form 26QB?
No. Buyers are not required to obtain a TAN; PAN is sufficient for filing Form 26QB for property TDS.
Can Ebizfiling assist if multiple properties are purchased?
Yes, Ebizfiling helps file multiple 26QB forms for each transaction and provides consolidated acknowledgment copies.
What details are required for filing Form 26QB?
Buyer’s and seller’s PAN, property address, sale value, payment date, and mode of payment are required.
Payment of TDS return on purchase of property (form 26QB)
Ebizfiling guides you step-by-step through accurate Form 26QB filing and payment to avoid penalties online at just INR 2,499/- only
Trusted by 10,000+ clients across India for simple and reliable TDS compliance.
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