Question 1

How to file form 26QB on sale of property?

Accepted Answer

To file Form 26QB on sale of property, you can follow these steps:

Go to the NSDL website.

Click on the e-payment: Pay tax online option under the Services category.

Scroll down to the TDS on Property (Form 26QB) option and click the Proceed button.

Fill in the details on the form, including the PAN of the buyer and seller, the property details, and the amount paid or credited to the seller.

Select the TDS on Sale of Property challan and click on the Pay Now button.

You will be redirected to the payment gateway. Make the payment using your net banking or credit/debit card.

Once the payment is successful, you will receive a confirmation message. You can also download a copy of the Form 26QB from the website.

Question 2

How to pay TDS on property form 26QB?

Accepted Answer

You can pay TDS on property form 26QB online through the NSDL website or by using the e-TDS facility of a bank.
To pay TDS online through the NSDL website, follow the steps mentioned above.
To pay TDS through the e-TDS facility of a bank, you will need to generate a TDS challan using the bank's website or mobile app. Once you have generated the challan, you can make the payment using your net banking or credit/debit card.

Question 3

What is the rule for form 26QB?

Accepted Answer

The rule for Form 26QB is that the buyer of the immovable property is required to deduct TDS at the rate of 1% of the sale consideration and deposit it with the Government within 30 days of the end of the month in which the sale consideration is paid or credited to the seller.

Question 4

How to file 26QB TDS?

Accepted Answer

To file 26QB TDS, you can follow the steps mentioned above.
Once you have filed Form 26QB, you will need to issue a TDS certificate in Form 16B to the seller. The Form 16B should be issued within 15 days of the end of the month in which the TDS is deposited with the Government.

Question 5

What is TDS on sale of the property?

Accepted Answer

The Finance Bill 2013 has submitted that the purchaser of an a rooted property (other than rural agricultural land) worth ₹50 lakh or more is required to deduct TDS at the rate of 1% from the deliberation payable to a a citizen transfer.

Question 6

Who is responsible to deduct TDS on the sale of the property?

Accepted Answer

The consumer of the possessions is responsible to remove TDS and put in the duplicate in the government’s treasury.

Question 7

If I want to deduct TDS on the sale of the property as a buyer, do I need to get a TAN?

Accepted Answer

It is not necessary for the purchaser to obtain a Tax Deduction Account Number (TAN). To record the TDS, only the buyer's and seller's PAN are needed.

Question 8

What happens if I don't have a seller's PAN to deduct TDS from a property sale?

Accepted Answer

The seller's PAN is required. Before carrying out the transaction, the same may be obtained from the seller.

Question 9

If I don't have the PAN of the seller or sellers, what should I do?

Accepted Answer

It is necessary to have the seller(s)' PAN in order to deduct TDS and submit Form 26QB. Before completing the transaction, it is the buyer's responsibility to obtain the PAN from the seller(s).

Form 26QB TDS on the Sale of Property

FAQ's on Form 26QB TDS on the Sale of Property

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