Login with your email address
Forgot your password ?
Don't have an account? Sign up
Sign up with your email address
Already have an account? Login
TDS Return on Sale of Property (Form 26QB)
Filing of TDS return is mandatory when the sale of house property has happened. You can file the Form 26QB under expert guidance with Haxtax experts.
Get Registration on TRACES
Complete Filing of Form 26QB (4 numbers)
Get a Receipt of TDS Certificate (Form 16B)
What is in this package ?
When a person buys an immovable property like a building or land which costs more than 50 lakh, a person needs to deduct the TDS at the rate of 1 percent on the payment being made to the seller and file a TDS return.
If there is a delay in filing of return, it will definitely attract penalty and interest. Under this package, the Haxtax experts will offer you a swift mechanism to abide by all TDS compliance when you buy an immovable property.
Who should Buy this Package?
A person who is an Indian resident and has bought immovable property
A business entity that is operating in India and has bought immovable property
This package is suitable for:
What will you Get?
A Registration on TRACES.
Complete Filing of Form 26QB (4 numbers).
Perfect Generation of Form 16B.
Email and phone support from a skilled and qualified CA during the regular business hours.
Call : 7505111555
You buy the package .
You do a case overview with an expert.
You upload required documents on our vault.
Filing of Form 26QB is done
Generation of Form 16B is completed
Just 10 days Estimate
Documents You Must Submit.
1. Bank statement for all those months where EMI payments are made by you.
2. Address and phone number of all the buyer(s) and seller(s).
3. PAN details of all buyer(s) and seller(s).
4. The property sale deed.
Frequently Asked Questions
I bought some property for residential purpose. Is it mandatory for me to deduct TDS? If so, then on what value?
TDS needs to be deducted by every buyer when there is a purchase of an immovable property such as building or land other than agriculture if the purchase value exceeds INR 50 lakhs. TDS needs to be deducted from the whole amount that needs to be paid. For example, if the property is valued at INR 80 lakhs, TDS needs to be deducted on the entire amount, i.e., INR 80 lakhs not just the 30 lakhs that exceed the threshold of INR 50 lakhs.
I am a property buyer, what can I do if I don’t have access to the PAN of the seller(s)?
PAN of a seller is mandatory for deducting the TDS and filing of the Form 26QB. It is the responsibility of the buyer to acquire the PAN from the seller(s) before initiating the transaction. Neither the seller nor the buyer is required to procure the TAN. Just the PAN of both parties is to be quoted.
I bought a property which was owned by a friend and his spouse, how many forms do I need to fill?
The Form 26QB challan needs to be filled by each buyer for every unique seller-buyer combination for their respective share. In this case, you need to fill two Form 26QB, one should be between you and your friend and another between your friend's spouse and you.
I bought a property in 2014, do I need to deduct TDS?
From 1st June 2013, when an Indian resident as a buyer purchases any immovable property like building or land other than agricultural land or a part of a building that cost over INR 50 lakhs, the person needs to deduct TDS when the person pays the seller. Hence, TDS needs to be deducted and you need to pay a late fee and interest.
I bought a property in September 2015 but I forgot to deduct the TDS, what is the penalty and interest for the late or nonfiling of Form 26QB?
TDS need to be deducted when the payment is made. It can be in form of installations or lump sum. TDS should be deducted and deposited within 7 days of the next month in which the payment was made. For instance, for a payment that was made in the month of October, the return needs to be filed by 7th of November.
When the TDS is not deducted, interest is payable at 1 percent per month. In cases where TDS is deducted but not paid, interest is applicable at 1.5 percent per month. There is also a late fee of INR 200 par day till the TDS statement is filed.
I need to submit 6 challans, what will be the value for such a package?
In this package, up to 4 challans are covered. For every extra challan, you need to pay INR 499 as a service charge. Service tax is also payable by you.