How to Deposit TDS on Sale of Property? How to Fill Form No. 26QB to to Deposit TDS on sale of Property? Income Tax Act 1961

Steps to deposit TDs on Sale of Property is described here. Method to fill form No. 26QB and deposit TDS on sale of Property are:

I. How to fill form 26QB :

Step 1 Log on to TIN NSDL website​ ( www.tin-nsdl.com).

Step 2 Under 'TDS on sale of property', click on "Online form for furnishing TDS on property (Form 26QB)".

Step 3 Select the applicable challan as "TDS on Sale of Property".

Step 4 Fill the complete form as applicable.


(You should be ready with the following information while filling the form 26QB :

a. PAN of the seller & buyer
b. Communication details of seller & buyer
c. Property details
d. Amount paid/credited & tax deposit details

Step 5 Submit the duly filled form to proceed. ​A confirmation screen appears. After confirming, a screen appears showing two buttons as "Print Form 26QB" and "Submit to the bank". A unique acknowledgement number is also displayed on the screen. It is advisable to save this acknowledgment number for future use.

Click on "Print Form 26QB" to print the form. Then click on "Submit to the bank" to make the required payment online through internet banking. Then proceed to the payment page through internet banking facility of various banks. For list of authorized banks, please refer https://onlineservices.tin.nsdl.com/etaxnew/Authorizedbanks.html

Step 6 On successful payment a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is proof of payment​ being made.

Proceed to TRACES portal( www.tdscpc.gov.in) after 5 days to download Form 16B

II, How to Download Form 16B:

Step 1 Register & login on TRACES portal ( www.tdscpc.gov.in  as taxpayer using your PAN.

Step 2 Select "Form 16B (For Buyer)" under "Downloads" menu.

Step 3 Enter the details pertaining to the property transaction for which Form 16B is to be requested. Enter the Assessment Year, Acknowledgment Number, PAN of Seller and click on "Proceed".

Step 4 A confirmation screen will appear. Click on "Submit Request" to proceed.

Step 6 A success message on submission of download request will appear. Please note the request number to search for the download request.

Step 7 Click on "Requested Downloads" to download the requested files.
Search for the request with request number. Select the request row and click on "HTTP download" button. ​​​​

What is Rent? Section 194 I of Income Tax Act 1961

What is Interest other than Interest on securities? Section 194A of Income Tax Act 1961

What is Winnings from lottery or crossword puzzle? What is Winnings from horse race? Section 194B and 194BB of Income Tax Act 1961

What is Payments to contractors? Section 194C of Income Tax Act 1961

What is Insurance commission? What is Payment in respect of life insurance policy? Section 194D and 194 DA of Income Tax Act 1961

What is Payments to non-resident sportsmen or sports associations? What is Payments in respect of deposits under National Savings Scheme? Section 194E and 194EE of Income Tax Act 1961

What is Payments on account of repurchase of units by Mutual Fund or Unit Trust of India? What is Commission, etc., on the sale of lottery tickets? Section 194F and 194G of Income Tax Act 1961

What is Commission or brokerage? What is Payment on transfer of certain immovable property other than agricultural land? Section 194H and 194IA of Income Tax Act 1961

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