TDS on Sale of
Property

When you buy land or building you need to deduct TDS on amount paid
to the seller and file Challan 26QB. PocketBooks will provide you with
a prompt mechanism to comply with all the TDS compliance on purchase of
house.

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When you buy land or building you need to deduct TDS on amount paid to the seller and file
Challan 26QB. PocketBooks will provide you with a prompt mechanism to comply with all the
TDS compliance on purchase of house.

TDS Return on Sale of Property
(Form 26QB)

  • Registration on TRACES

  • Filing of Form 26QB (1 nos.)
  • Receipt of TDS Certificate (Form 16B)

When you buy an immovable property (i.e. a building or a land) costing more than Rs 50 lakh you need to deduct TDS at rate of 1% on the payment made to the seller and file TDS return. The delay in filing the return attracts interest and penalty. Under this plan PocketBooks provides you with a prompt mechanism to comply with all the TDS compliance on purchase of immovable property.