TDS on Purchase / Sale of Property​

I. Steps to fill form 26QB :

1. Log on to website e-filing portal​ ( https://www.incometax.gov.in/iec/foportal/ ).
2. Under 'e-file' Tab, click on 'e-Pay tax'
3. Then Click on ‘New Payment’
4. Select ‘Proceed’ under ‘26 QB (TDS on Sale of Property)’ field
5. Fill the complete form as applicable.

(User should be ready with the following information while filling the form 26QB :

1. Residential Status of seller
2. PAN of the seller & buyer
3. Communication details of seller & buyer
4. Property details
5. Date of Agreement/Booking
6. Whether Lumpsum or Installment
7. Amount paid/credited & tax details
8. Date of payment of  Lumpsum or Installment
9. Details of amount paid earlier if any
5. After submitting, the next page will ask to select the mode of payment i.e.,:
1. Net banking;
2. Debit Card;
3. Pay at Bank counter;
4. RTGS/NEFT; or
5. Payment Gateway.
6. Select the appropriate payment mode and click on continue to make the payment.
7. 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.

Proceed to TRACES portal ( www.tdscpc.gov.in) after 5 days to download Form 16B.

II. Steps to Download Form 16B:

1. Register & login on TRACES portal ( www.tdscpc.gov.in) as taxpayer using your PAN.
2. Select "Form 16B (For Buyer)" under "Downloads" menu.
3. Enter the details pertaining to the property transaction for which Form 16B is to be requested. 
4. Enter the Assessment Year, Acknowledgment Number, PAN of Seller and click on "Proceed".
5. A confirmation screen will appear. Click on "Submit Request" to proceed.
6. A success message on submission of download request will appear. Please note the request number to search for the download request.
7. Click on "Requested Downloads" to download the requested files.
8. Search for the request with request number. Select the request row and click on "HTTP download" button. ​​​​​