{"id":9227,"date":"2024-12-18T05:04:56","date_gmt":"2024-12-18T05:04:56","guid":{"rendered":"https:\/\/dev.site4clientdemo.com\/taxwaale\/?page_id=9227"},"modified":"2025-02-28T10:30:49","modified_gmt":"2025-02-28T10:30:49","slug":"tds-on-property","status":"publish","type":"page","link":"https:\/\/dev.site4clientdemo.com\/taxwaale\/tds-on-property\/","title":{"rendered":"TDS ON PROPERTY"},"content":{"rendered":"
[vc_custom_heading source=”post_title” use_theme_fonts=”yes” css=”%7B%22default%22%3A%7B%22color%22%3A%22_header_middle_bg%22%2C%22text-align%22%3A%22center%22%2C%22font-size%22%3A%2220px%22%2C%22font-weight%22%3A%22600%22%7D%7D”]
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    [vc_custom_heading text=”Ready To File TDS Returns? Taxwaale Are Here To Assist!
    \n” font_container=”tag:h1|font_size:30px|text_align:left” use_theme_fonts=”yes” css=”%7B%22default%22%3A%7B%22font-weight%22%3A%22700%22%7D%7D”]

    When buying an immovable property in India worth \u20b950 lakh or more, the buyer must deduct Tax Deducted at Source (TDS) at 1% of the total sale value. This tax is deposited with the government using Form 26QB. This applies to residential, commercial, and land purchases (except agricultural land).<\/p>\n

    The buyer must complete Form 26QB within 30 days from the end of the month in which the payment is made to the seller. After submitting the form, they must also provide the seller with a TDS certificate (Form 16B), which confirms that the tax has been deducted and deposited with the government. Failure to deduct or deposit TDS on property can lead to penalties, interest charges, and legal complications. Therefore, it is essential to complete the process on time.<\/p>\n<\/div><\/div>

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    [vc_custom_heading text=”Procedure to Fill Out Form 26QB” font_container=”tag:h1|font_size:30px|text_align:left” use_theme_fonts=”yes” css=”%7B%22default%22%3A%7B%22font-weight%22%3A%22700%22%7D%7D”]

    Filling out Form 26QB requires accurate details of the buyer, seller, and property transaction. Here\u2019s how the process works:<\/p>\n<\/div><\/div>

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    Access the Tax Portal-<\/strong> Visit the official TIN-NSDL website and select Form 26QB under the e-payment section.<\/p>\n<\/div><\/div><\/div>

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    Enter Transaction Details-<\/strong> Provide buyer and seller details, property value, and TDS amount.<\/p>\n<\/div><\/div><\/div>

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    Make the Payment-<\/strong> Pay the TDS amount online through net banking or generate a challan for offline payment.<\/p>\n<\/div><\/div><\/div>

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    Download Acknowledgement-<\/strong> After payment, download the challan for future reference.<\/p>\n<\/div><\/div><\/div>

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    Generate Form 16B-<\/strong> After a few days, the buyer can download Form 16B from the TRACES portal and provide it to the seller.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

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    [vc_custom_heading text=”Effortless TDS Filing on Property with Taxwaale!” font_container=”tag:h1|font_size:30px|text_align:center|color:%23ffffff” use_theme_fonts=”yes” css=”%7B%22default%22%3A%7B%22font-weight%22%3A%22700%22%7D%7D”]

    Handling TDS on property transactions can be confusing, but we make it simple. At Taxwaale, our experts guide you through the entire process, ensuring accurate TDS filing without delays or errors. We handle Form 26QB filing, challan generation, and Form 16B retrieval, so you don\u2019t have to worry about compliance issues. Let us take care of your TDS filing while you focus on your property deal. Contact us today for a hassle-free experience!<\/p>\n<\/div><\/div><\/div><\/div>

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    Call Us 24\/7<\/p>\n

    +91-8076354833
    \ninfo@taxproexperts.in, taxproexperts1@gmail.com<\/p>\n

    we at tax pro experts go through our client\u2019s needs and situation. we provide you:<\/p>\n<\/div><\/div>

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    Contact Us<\/span><\/a><\/div><\/div><\/div>
    \"\"<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"[vc_custom_heading source=\"post_title\" use_theme_fonts=\"yes\" css=\"%7B%22default%22%3A%7B%22color%22%3A%22_header_middle_bg%22%2C%22text-align%22%3A%22center%22%2C%22font-size%22%3A%2220px%22%2C%22font-weight%22%3A%22600%22%7D%7D\"]HomePages[vc_custom_heading text=\"Ready To File TDS Returns? Taxwaale Are Here To Assist! \" font_container=\"tag:h1|font_size:30px|text_align:left\" use_theme_fonts=\"yes\" css=\"%7B%22default%22%3A%7B%22font-weight%22%3A%22700%22%7D%7D\"]When buying an immovable property in India worth \u20b950 lakh or more, the buyer must deduct Tax Deducted at Source (TDS) at 1% of the total sale value. This tax is deposited with the government using Form 26QB....","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9227","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.site4clientdemo.com\/taxwaale\/wp-json\/wp\/v2\/pages\/9227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.site4clientdemo.com\/taxwaale\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dev.site4clientdemo.com\/taxwaale\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dev.site4clientdemo.com\/taxwaale\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.site4clientdemo.com\/taxwaale\/wp-json\/wp\/v2\/comments?post=9227"}],"version-history":[{"count":3,"href":"https:\/\/dev.site4clientdemo.com\/taxwaale\/wp-json\/wp\/v2\/pages\/9227\/revisions"}],"predecessor-version":[{"id":9308,"href":"https:\/\/dev.site4clientdemo.com\/taxwaale\/wp-json\/wp\/v2\/pages\/9227\/revisions\/9308"}],"wp:attachment":[{"href":"https:\/\/dev.site4clientdemo.com\/taxwaale\/wp-json\/wp\/v2\/media?parent=9227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}