Filing & Payment Requirements for TDS on Property 26QB

You may be mindful of the commitments to be completed while moving the homes from one individual to another. Out of which some of them are stamp task to be paid, sale deed to be prepared and signed up, TDS to be subtracted and to be transferred to federal government, filing of Type 26 QB and many others. Now check more information about “TDS on Property 26 QB” from below …

Filing & Payment Requirements for TDS on Home 26 QB

While transferring the home from one individual to other, the purchaser or the financier needs to deduct the amount from the amount to be paid to seller or the builder and needs to transfer it to government. 50 Lakh, than 1% TDS needs to be deducted and transferred.

Here the person is not required to acquire the TAN number as the payment would be made on the based of PAN number. In the kind, it would be directly paid through the details of PAN of purchaser and the seller. There is likewise another confusion that if the home value is more than Rs.

There are 2 alternatives available for the payment of Type 26 QB

Option 1– Direct Alternative

1. Visit the following website https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
2. Click on the link under name “Kind 26 QB”, which is for TDS on Sale of Home.
3. Then the full screen of Kind 26 QB will appear and you need to fill all the information.
4. Detailed needed are PAN number, Call of Seller and Purchaser, Complete Address, Kind Of Residential Or Commercial Property (Land or Building) and other information.
5. You would be offered alternative to pay the TDS either online or through bank branch. Any of the above can be selected by picking the option under “Mode of Payment”.
6. You require to verify the very same and after that submit the type.

Alternative 2– Other alternative

You require to click on the link, online kind for furnishing Form for TDS on home.

After validating the exact same, press the submit button and then you would be triggered with two buttons– Print Kind 26 QB & Submit to bank.

You require to click on Print Form 26 QB and conserve or print the type any place you desire.

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Downloading Type 16 B for TDS on Property

1. First of you need to register to the TRACES website, as a taxpayer with PAN.
2. Under the Download options, choose Form 16 B.
3. Get in all information regarding the paid TDS on property and select Proceed alternative.
4. Where you would be again asked to confirm the exact same. Click Submit Request.
5. You are now provided for the request to download.
6. After that, click on Requested Downloads, where you would discover the apply for download.
7. But the file would be readily available for download after few days. Click on the HTTP download choice and file would be downloaded.

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