How to Download Form 26QB – TDS on Property Sale, Filing Steps, and Penalties

Form 26QB is one of the least understood tax obligations in property transactions — many buyers are unaware that they are responsible for deducting and depositing 1% TDS when purchasing a property above Rs. 50 lakh. Missing the filing deadline attracts Rs. 200 per day in late fees. Understanding this form end-to-end — filing, downloading, and penalty avoidance — is essential for any property buyer at this price point.

This page covers:

• What Form 26QB is and its legal basis
• When Form 26QB is required — Rs. 50 lakh threshold
• How TDS is calculated on property purchases
• When to file Form 26QB — the 30-day deadline
• Step-by-step procedure to file and pay TDS through Form 26QB
• How to download Form 26QB after filing
• How to download Form 16B — the TDS certificate for the seller
• Penalties for late filing and non-compliance
• How Form 26QB connects to home loan due diligence

Form 26QB is an online challan-cum-declaration form required under Section 194-IA of the Income Tax Act, 1961. It is mandatory for any buyer of immovable property (flat, house, plot, or commercial property) in India when the transaction value is Rs. 50 lakh or more.

The buyer must deduct 1% TDS from the payment made to the seller and deposit this amount with the government through Form 26QB. After payment, the seller receives Form 16B (the TDS certificate) — which the seller can use to claim TDS credit when filing their own ITR.

Form 26QB is specifically a TDS form for property buyers — it is distinct from the quarterly TDS returns (Form 24Q, 26Q) filed by employers and businesses.

TDS at 1% applies on the higher of the transaction price or the stamp duty value (Jantri/ Circle rate/ Ready Reckoner value), for properties valued at Rs. 50 lakh or more.

Important: TDS is deducted on the full sale consideration, not just the amount above Rs. 50 lakh.

Example:

• Property sale price: Rs. 90 lakh
• TDS at 1%: Rs. 90,000 (on the full Rs. 90 lakh, not just the Rs. 40 lakh above Rs. 50 lakh)
• Seller receives net: Rs. 89,10,000
• Buyer deposits Rs. 90,000 to the government via Form 26QB

Form 26QB must be filed within 30 days from the end of the month in which TDS is deducted (i.e., when the payment is made to the seller).

For transactions paid in instalments (as in under-construction property payments), TDS must be deducted and Form 26QB filed for each instalment payment, not just the final payment.

1. Visit the Income Tax portal and log in with your PAN credentials
2. Go to 'e-File' from the top menu, select ‘e-Pay Tax’
3. Under 'New Payment', choose '26QB (TDS on sale of property)' and click ‘Proceed’
4. Fill in three sets of details:
   • Buyer's details — name, PAN, address, contact
   • Seller's details — name, PAN, address
   • Property details — complete address, transaction date, total amount paid, TDS amount, and date of payment
5. On the next screen, choose 'Pay Now' or ‘Pay Later’
6. For 'Pay Now', complete payment via net banking — the Form 26QB acknowledgement is available for immediate download after successful payment
7. The acknowledgement number should be saved for future reference

Once you have filed and paid, download Form 26QB as follows:

1. Log in to the Income Tax portal
2. Navigate to 'Payment History' (under 'e-File' or 'Services')
3. Locate your 26QB entry under payment type ‘TDS on Sale of Property (800)’
4. Under the 'Action' column, click to download:
   • Receipt — proof of payment
   • Statement of Form 26QB — the complete filed form

After Form 26QB is processed (typically 5-10 days after filing), download Form 16B from TRACES:

1. Visit the TRACES portal
2. Log in as a Taxpayer using your PAN credentials
3. Navigate to 'Downloads' > 'Form 16B' (for buyer) or 'Form 16B' under TDS certificates
4. Enter the assessment year and seller's PAN
5. Download Form 16B and share it with the seller within 15 days of the quarterly TDS return due date

For property purchases above Rs. 50 lakh financed through a home loan, the lender's legal team typically asks for confirmation that Form 26QB will be filed and TDS deposited as part of the purchase transaction. Some lenders request the Form 26QB acknowledgement as part of post-disbursement documentation.

For the seller, Form 16B (generated from the buyer's Form 26QB) allows the seller to claim TDS credit against their capital gains tax liability — reducing their effective tax outflow from the property sale. Bajaj Finance offers home loans from 7.25% p.a.* with amounts up to Rs. 15 Crore* and tenures up to 32 years. Check your eligibility today.

Form 26QB is a mandatory compliance step for any property purchase above Rs. 50 lakh — not an optional courtesy to the government. Filing it on time, downloading the receipt, and sharing Form 16B with the seller are the three practical tasks that complete this obligation cleanly.