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TDS & TCS

Form 26QB, TDS on Property Purchase

Combined challan-cum-statement for TDS deducted on the purchase of immovable property under Section 194-IA.

Who files it

The buyer of immovable property, when the consideration is above the threshold for Section 194-IA.

Frequency

Event-based

Due date

Within 30 days from the end of the month in which TDS was deducted

Filed with

TIN NSDL / Income Tax e-filing portal

Unlike most TDS provisions, Section 194-IA does not require the buyer to hold a TAN. Form 26QB combines the deduction statement and the tax payment into a single filing, which is what makes it usable by an individual buyer who is not otherwise registered as a TDS deductor.

Once Form 26QB is filed and the tax deposited, the buyer can generate Form 16B from the TRACES portal and issue it to the seller as proof of TDS deducted on the transaction.

This is a quick-reference summary, not a filing walkthrough. Due dates shown are the statutory defaults and can be extended in practice; applicability depends on your specific registration, turnover, and entity type. For general informational purposes only, not professional tax or legal advice.

Read more

TDS on Property Purchase Under Section 194-IA: The Buyer's Complete Checklist

Buying property over Rs 50 lakh comes with a TDS obligation most first-time buyers never see coming. Here's what to deduct, when, and how to not get it wrong.

Related terms

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