Etutorial - TDS On Sale of Property - E-Tax - Payment-Immediately

NSDL e-Governance Infrastructure Limited
e-Tutorial – TDS on
Sale of property
Contents updated on September 23, 2020

Confidential. NSDL e-Gov Internal use only
NSDL e-Governance Infrastructure Limited
eTutorial –
TDS on Sale of Property –
e-Tax Payment Immediately
through Net-Banking/Debit
Card Facility
Tax Information Network of Income Tax

Department (managed by NSDL e-Gov)
TDS on Sale of Property
• As per Finance Bill of 2013, TDS is applicable on

sale of immoveable property wherein the sale
consideration of the property exceeds or is equal to `
50,00,000 (Rupees Fifty Lakhs).
• Sec 194 IA of the Income Tax Act, 1961 states that

for all transactions with effect from June 1, 2013, Tax
@ 1% or 0.75% should be deducted (depending
upon the Date of Payment/Credit to the Seller)
by the purchaser of the property at the time of making
payment of sale consideration.

Payment of Tax
Tax so deducted should be deposited to

the Government Account through any of
the authorized bank branches using the e-
Tax payment option available at NSDL-e
Gov

E-payment
• E-Payment facilitates payment of taxes online by

taxpayers.
Pre-requisite
- To have a Net-banking/Debit Card facility with

any of the Authorized Banks
- For list of authorized banks, please refer https://

onlineservices.tin.egov-nsdl.com/etaxnew/Autho
rizedbanks.jsp
Points to remember
• Deduct tax @ 1% or 0.75% from the ‘Amount Paid/Credited’
(depending upon the Date of Payment/Credit to the Seller)
• PAN of Seller as well as Purchaser should be mandatorily furnished in

the online Form for furnishing information regarding the sale
transaction.
• As per the CBDT notification no. 30/2016 dated April 29, 2016, the
due date of payment of TDS on transfer of immovable property is
thirty days from the end of the month in which the deduction is
made.
• Do not commit any error in quoting the PAN or other details in the
online Form as there is no online mechanism for rectification of
errors. For the purpose of rectification you are required to contact
Assessing Officer (AO) of Income Tax Department.
• While completing the Online form, please note the following points:-
– Fields marked with * are mandatory
– Do not enter double quotes (“ ") in any of the fields.

Points to remember contd….
• TDS amount as per Form 26QB should be entered in the field ‘Basic
Tax’ (Income Tax) on the Bank’s web-portal
•TDS certificate (Form 16B) will be based on “Basic Tax” (Income Tax)
only.
•Taxpayer/ Buyer are advised to save the Acknowledgement Number for

downloading the Form 16B from the website of Centralized Processing
Cell of TDS (CPC-TDS).
• TDS certificate (Form 16B) will be available for download from the
website of Centralized Processing Cell of TDS (CPC-TDS), after at least 2
days of deposit of tax amount at the respective Bank.
• Click on View Acknowledgment Number under TDS on Property by

providing the relevant details for retrieving the Acknowledgment
Number

Steps to pay tax -Online
• Log on to NSDL-TIN website (www.tin-nsdl.com)

• Under ‘Services’ Menu, click on ‘TDS on Sale of Property’ and click on the
option “Online form for furnishing ‘TDS on Sale of Property (Form 26QB)”
Click on the option “TDS on sale of property’
Under TDS on sale of property, Click on

the option ‘Online form for furnishing TDS
on property’

• Select form for ‘TDS on Sale of Property (Form 26QB). Form 26QB can
be accessed directly through ‘Services’ menu by clicking on “e-
payment: Pay tax Online”.
Click on the option “TDS on sale of property

(Form 26QB)’

Select Tax applicable for which payment is

to be done
Financial / Assessment Year will be populated on the basis of Date of

Payment / Credit Selected in the Form

Select Status of the
Payee/Seller/Transferor
Mention PAN In case the status of the Seller is Non-
of Resident, Form 26QB will not be
Transferee/B applicable. The correct form to be used is
uyer Form 27Q.
Re-enter
PAN of
Transferee
/Buyer
Mention PAN of Transferor/Seller
Click on option Next to

Re-enter PAN of proceed
Transferor/Seller

Provide Complete address of

Transferee/Buyer
Please select whether more than one

Transferee/Buyer

Provide Complete address of Transferor/Seller
Please select whether more than one Transferor

/Seller
Click on option Next to

proceed

Provide Complete address of Property

transferred

Select the date of Agreement/Booking of property
Mention the Total value of

consideration (Property
Value)
Select if the above payment is done in Lump sum or in

Installments
Please select the amount paid/credited (Enter

the amount paid to the Transferor/Seller)

Please re-enter Total Amount
Paid/Credited (Enter the
amount paid to the
Transferor/Seller)
Amount entered here should match

with the Amount selected from the
drop down list above
Please enter the TDS

amount to be paid
(amount deducted by
the Transferee/
Payer /Buyer)

Please select the mode of payment of

Tax.
Please select the Bank through which

payment is to be made
Date of Tax Deduction should be same as Date of

Payment/Credit, else the same may result in
Demand notice for late deduction
Please select the Date of Payment/Credit to

the Transferor/Seller
Please enter the characters seen in the

above picture
To go the previous page, please click on

‘Previous’
Please select the ‘Date of Tax To go to the Homepage, please

Deduction’ click on ‘Back’
To clear the details entered,

please click on ‘Clear’
After entering all the above required detail,

Confidential.
pleaseNSDL e-Gov
click on Internal button
PROCEED use only
to continue
• On proceed, confirmation page is displayed to verify the
details entered
Upon clicking on ‘Proceed’ button, confirmation page is displayed to
verify the details entered

Please accept the consent by selecting this tick-

box.
If all the above details including the name displayed (as

per ITD) is correct then, click on “Confirm” button
Before clicking on the Confirm button, you are requested to once again verify the details
entered. In case of any mismatch, you can rectify the same by selecting the “Edit” option.

Steps to pay tax online
Acknowledgement number is
generated.
Please take note of

Acknowledgment number for
future use.
Please make a note of below 9 digit Acknowledgement

points number

Click on “Submit to the Bank” to make the payment of taxes
Click on the Option ‘Print Form 26QB’ to

print Form 26QB

Steps to pay tax online
On clicking on Submit to the Bank, taxpayer will be
redirected to the Banks payment gateway i.e. Net-
Banking/Debit Card web page. Taxpayer will login to the
net-banking site with the user ID/ password provided by
the bank for net-banking purpose. In case the taxpayer
has selected the Debit Card option, he or she will enter
the required card details.
On successful login, enter payment details at the bank

site.
On successful payment, a challan counterfoil will be

displayed containing CIN, payment details and bank
name through which e-payment has been made. This
counterfoil is proof of payment being made.

View Acknowledgment Number
Under TDS on sale of property, Click on

the option ‘View Acknowledgement
Number’

View is provided for the purpose of retrieving the Acknowledgement
Number generated from TIN website issued to Transferee/Buyer
Enter PAN of the Transferee/Buyer
Enter PAN of the Transferor/Seller
Enter Total Payment (as entered in

Form 26QB)
Please select Assessment Year
Please enter the characters seen in the

above picture.
After entering all the above required

detail please click on Proceed button to
continue.


Thank You
In case of any further queries/concerns please contact

our TIN Call Center at 020-27218080 or e-mail us at
tininfo@nsdl.co.in
Tax Information Network of Income Tax 27

Confidential. NSDL e-Gov Internal use only Department (managed by NSDL)

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NSDL e-Governance Infrastructure Limited

Contents updated on September 23, 2020

Tax Information Network of Income Tax

• As per Finance Bill of 2013, TDS is applicable on

• Sec 194 IA of the Income Tax Act, 1961 states that

Confidential. NSDL e-Gov Internal use only

Tax so deducted should be deposited to

Confidential. NSDL e-Gov Internal use only

• E-Payment facilitates payment of taxes online by

- To have a Net-banking/Debit Card facility with

- For list of authorized banks, please refer https://

• PAN of Seller as well as Purchaser should be mandatorily furnished in

Confidential. NSDL e-Gov Internal use only

•Taxpayer/ Buyer are advised to save the Acknowledgement Number for

• Click on View Acknowledgment Number under TDS on Property by

Confidential. NSDL e-Gov Internal use only

Confidential. NSDL e-Gov Internal use only

Click on the option “TDS on sale of property’

Under TDS on sale of property, Click on

Confidential. NSDL e-Gov Internal use only

Click on the option “TDS on sale of property

Confidential. NSDL e-Gov Internal use only

Select Tax applicable for which payment is

Financial / Assessment Year will be populated on the basis of Date of

Confidential. NSDL e-Gov Internal use only

Click on option Next to

Confidential. NSDL e-Gov Internal use only

Provide Complete address of

Please select whether more than one

Confidential. NSDL e-Gov Internal use only

Please select whether more than one Transferor

Click on option Next to

Confidential. NSDL e-Gov Internal use only

Provide Complete address of Property

Confidential. NSDL e-Gov Internal use only

Mention the Total value of

Select if the above payment is done in Lump sum or in

Please select the amount paid/credited (Enter

Confidential. NSDL e-Gov Internal use only

Amount entered here should match

Please enter the TDS

Confidential. NSDL e-Gov Internal use only

Please select the mode of payment of

Please select the Bank through which

Date of Tax Deduction should be same as Date of

Please select the Date of Payment/Credit to

Please enter the characters seen in the

To go the previous page, please click on

Please select the ‘Date of Tax To go to the Homepage, please

To clear the details entered,

After entering all the above required detail,

Confidential. NSDL e-Gov Internal use only

Please accept the consent by selecting this tick-

If all the above details including the name displayed (as

Confidential. NSDL e-Gov Internal use only

Please take note of

Please make a note of below 9 digit Acknowledgement

Confidential. NSDL e-Gov Internal use only