TDS on property purchase sale Transaction | Real estate taxation

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CA Rahul Agarwal
The buyer should calculate the TDS amount, which is 1% of the property value for properties valued at ₹50 lakhs or more.
The buyer should fill out Form 26QB (Challan-cum-Statement) online.
After filling out the Form 26QB, the buyer should make the TDS payment through internet banking. The TDS amount should be deposited using Challan 26QB.
After making the payment, the buyer should provide a TDS certificate to the seller. This certificate is in Form 16B.
Seller's Tax Compliance:
The seller is required to report the TDS in their income tax return. The TDS credit will be available to the seller against their tax liability.
File Income Tax Return - The seller can claim a refund or adjust the TDS amount against their income tax liability.
The due date for depositing TDS is the 30th of the subsequent month in which TDS was deducted.
Penalties may be imposed if TDS is not deducted or deposited on time.

[@carahulagarwal8192]

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[@devadev4379]

अगर seller tds कटवाने से मना कर दे तब क्या करना है?

[@neelashsharma5920]

Sir agar buyer ne tds deduct nahi kiya to kya seller ko itr file krte huey koi issue hoga ya nahi

[@deoshaw4682]

Very informative

[@sanjeevrathour]

Sir,
Do I have to show this TDS deducted in my own ITR as individual using my PAN??
TDS deducted on purchase of resid.house.

[@nareshrao6721]

My correction request pending at AO approval level.
Should I visit IT office or it will automatically approved by AO ??????

[@effy5920]

How does buyer show this property bought above 50 laks in his itr ? Is it mandatory

[@malaikamiranda]

Sir agar kissing ne capital gains ya Tds nahi bhara Hai 16 years Peale property bikao par, Kyada income tax recover Kar sakte 300 times jurmana ke saath agar koi income tax ko information DE.

[@arundekhane9869]

Sir Maine 2014 ko Rs.19,37,600 Residential property kharidi thi ab Maine woh property 2024 maine Rs.19,40,000/- main sell Kiya hai to kya mujhe tax Dena hoga.

[@sbschauhan4270]

In case of Loss, Govt will help ?

[@kumargaurav330]

How to show tds paid under section 194ia while filing itr

[@BhairulalSharma-cn6er]

Khaya kapil game rashi ko he invast karana hai or total rashi

[@YZmovieshort1991]

Sir mere dost ki maa ne proparty becha hai 2022 April mein.
or unko long turm capital gain huwa hai .
Or bech kar 1 year 8 moth ho gaya hai.
Par
Uno ne capital gain accont schem mein nahi dala paisa .
Ab unko ca bol raha ki apko tax bharna padega . 31 december 2023
Plz kuch solution bataye plz help me to
tax kise bachaye .
par o plot lekar construction karna chata hai to kya le sakte hai or tax bacha sakte hai to kise.

[@devadev4379]

heavy income tax lagega ya lag sakta hai

[@carajeev8651]

Please see that TDS to be deducted if property value is 50 lacs or more as per section 194IA ,

[@user-or1by6ww7x]

Seller ka pan inactiv ho gya hai TDS kaise jama kare ,plz

[@ajitjadhav915]

Bank auction property. Who to pay bank or owner?

[@vinayaksharma6882]

Good

[@somsalive]

I have deposited property tax 26qb and handed over 16B to seller. Now plz tell me is it to be showed in any where in ITR or not

[@kumargaurav330]

Do you know where and how to show tds paid under section 194ia

[@namratarai-wx1fj]

AS per ITR if your income is less tha50 Lacs then no need to show the purchase of the property

[@Factssadhu]

Hii