Filing Form 26QB

PROCESS OF FILING FORM 26QB ONLINE. FOLLOW THESE STEPS CAREFULLY

 

Step-by-Step Guide to Filing Form 26QB

 

1. Visit the Official TIN-NSDL Portal

  • Go to [https://www.tin-nsdl.com/]
  • Click on "e-Payment: Pay Taxes Online" → Select "TDS on Property (Form 26QB)"

 

2. Fill in the Form 26QB

(A) Taxpayer Information

  • Tax Applicable (Major Head) → "0021 - Income Tax (Other than Companies)"
  • Type of Payment (Minor Head) → "800 - TDS on Sale of Property"
  • Assessment Year → 2025-26
  • Financial Year → 2024-25

 

(B) Details of Buyer & Seller

Buyer’s Details

  • PAN of Buyer 
  • Name 
  • Address 
  • Mobile Number & Email 

 

Seller’s Details

  • PAN of Seller 
  • Name 
  • Address 
  • Mobile Number & Email 

 

(C) Property Details

  • Date of Agreement/Booking → 20-Aug-2024
  • Property Address → Flat No. 102, First Floor, Plot No 9/20, Sector 3, Rajendra Nagar, Sahibabad, GHAZIABAD, Uttar Pradesh, 201005
  • Total Sale Consideration → ₹80,00,000 
  • TDS Amount → ₹80,000 

 

3. Payment of TDS

After filling in all details, click "Proceed" to make the payment. You can pay using: 

  • Net Banking (Recommended) 
  • Debit Card
  • Challan Payment (via Bank Branch)

 

If you select Net Banking, you will be redirected to your bank’s payment gateway.

If you choose Bank Branch Payment, a challan (Form 26QB) will be generated. Print it and visit your bank to deposit the amount. 

 

4. Generate Acknowledgment & Download Form 26QB

  • Once payment is successful, download the acknowledgment receipt for future reference. 
  • After 4-5 working days, login to TRACES (https://www.tdscpc.gov.in/) to verify the payment status. 

 

5. Download & Issue Form 16B (TDS Certificate)

After filing Form 26QB, follow these steps to download Form 16B (TDS Certificate): 

 

  • Login to TRACES
  • Go to Downloads → Form 16B (For Buyer)
  • Enter details → Request Form 16B 
  • After processing (takes ~2 days), download Form 16B
  • Provide Form 16B to the seller within 15 days

 

Penalty for Non-Compliance

  • Late TDS Deduction → 1% per month 
  • Late TDS Payment → 1.5% per month 
  • Late Filing of Form 26QB → ₹200 per day 
  • Failure to File Form 26QB → Penalty up to ₹1,00,000