Facebook-f Linkedin-in Instagram Whatsapp
Contact Us

Tds On Property Purchase

In India there is a TDS on property purchase or Real Estate Transaction as well, so if you will buy any immovable property (like land, Building, house or a flat) in India you have to deduct 1% TDS from the property value and deposit it to the Income Tax Department as per Section –194 IA of the Income tax act,1961.

But the Value of the property should be Rs. 50 Lakh or more.

What is TDS Return for Property Buyer

  • Property purchased by any buyer either it’s individual or it’s any entity is responsible to deduct 1% at the time of making the payment and deposit it to the Income Tax Department
  • The 1% amount will be of the total value of the property which will be paid by the buyer
  • The amount needs to deduct before making the payment
  • This TDS must be deposited using Form 26QB within 30 days from the end of the month in which the payment is made
  • After depositing the TDS, the buyer must provide Form 16B (TDS Certificate) to the seller.

When is TDS Applicable on Property?

  • Property value is ₹50 lakh or more (consider the sale agreement value, not circle rate).
  • It applies to residential and commercial properties but not agricultural land.

Penalties for Non-Compliance

  • Late payment fee: ₹200 per day (Section 234E).
  • Penalty: Up to ₹1 lakh for failure to deduct or file TDS (Section 271H).
  • Interest: 1% per month for delay in deduction, 1.5% per month for delay in deposit.

Documents Required for TDS on Property Transactions

  • PAN of the Seller
  • PAN of the buyer
  • Aadhar of the buyer (if required)
  • Address and Contact details of the Buyer and the Seller
  • Bank details of the buyer
  • Property details like Sale deed which mention value of the property and complete address
  • Payment details like mode of payment, instalments details (if any), amount paid to the seller etc.

Our Services for TDS on Property

  • TDS Calculation for Property Transactions.
  • Form 26QB Filing (Buyer’s TDS Return).
  • Form 16B Download & Issue.
  • Error-free filing to avoid penalties.

Why Choose Us for TDS Returns?

  • End-to-end TDS compliance
  • Timely filing to avoid penalties
  • Expert support and error-free filing
  • Affordable packages for startups and MSMEs

Need help with TDS on property purchase? Contact us now for hassle-free filing!

Apply for TDS on property purchase

Services

Let's Get In Touch

Fields marked with * are required.

Name
Filing Tax India Logo
Your one-stop solution for tax filing, business registrations, compliance, and hassle-free legal services across India.

Working Hours:

  • Monday - Saturday
  • 9 am to 7 pm

Our Services

Quick Links

Follow Us

Address:

  • A1/209, First Floor, Sushant Lok-2, Sector-55, Gurgaon

Contact:

 ©2025 Filing Tax India, All rights reserved. Terms of use Privacy Policy
Contact Us