TDS payment on property and how to obtain form 16B and 26QB
Sucheta Dalal 30 Aug 2013

From June 2013, purchaser of property with value of Rs50 lakh and above should deduct 1% TDS at the time of making payment. Here is the guide about making payments of TDS and obtaining form 16B for the buyer and form 26QB for the seller

Girish Borkar

I would like to run the readers through the TDS payment process and the steps to be taken to obtain Form 16B (for the deductor or buyer) and Form 26QB for the (seller or deductee).

Firstly one has to go to the following link:
 

https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
 

  • • Once this link is opened click on Form 26QB (Payment of TDS on sale of property).
  • • Select (0021) in case of non corporate payer and 0020 in case of corporate payer.

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