The e-payment facility for TDS on property is a hassle-free process that allows you to pay the necessary amount from your bank account. However, to use this facility, you should have the net-banking feature activated on your account. The account should also be associated with authorised banks as mentioned in the official website of NSDL-TIN.
Once completed, you can follow the below mentioned steps to pay your taxes on property online.
After receiving the Certificate of Tax Deducted at Source, you, as a seller, will be eligible to
claim credit for TDS on property purchase above Rs. 50 Lakh against tax liability after
submission.
As a seller, you can also claim TDS rebates on your residential property when you file your income tax returns. Moreover, if your property was acquired before 1st June 2013, you will not have to file Form 26QB while paying Tax Deducted at Source when selling it.
Additional Read: What is Property Tax?
