TDS on Property Purchase

Section 194IA · Form 26QB · Applicable where consideration ≥ ₹50 lakh · Rate: 1% (or 20% if seller has no PAN) · FY 2026-27

Property & Transaction Details

Sale Consideration (₹)Actual amount agreed between buyer & seller

Stamp Duty Value / Circle Rate (₹)SDV as per registrar — u/s 50C. Enter 0 if not known.

Date of Agreement / AdvanceDate when agreement was executed or advance paid

Date of Registration / PaymentDate of registration or full payment, whichever is earlier

Number of Sellers

Number of Buyers

Seller PAN Available?

Property Type

TDS Computation — Section 194IA

📋 Form 26QB Filing Steps

Go to TIN NSDL Portal → Online Services → TDS on Property (Form 26QB). URL: onlineservices.tin.egov-nsdl.com

Fill Form 26QB — one form per buyer-seller combination. If 2 buyers and 2 sellers → 4 separate Form 26QB must be filed.

Pay TDS online via Net Banking / NEFT. Challan will be generated immediately.

Download Form 16B (TDS certificate) from TRACES portal → Give to seller within 15 days of challan deposit due date.

Generated on · TheToolsWala.com · Verify with a CA before filing.

About This Tool

The TDS on Property (Section 194IA) Calculator computes the TDS applicable on the purchase of immovable property (other than agricultural land) from a resident seller. Under Section 194IA, the buyer must deduct TDS at 1% of the sale consideration (or stamp duty value, whichever is higher) at the time of payment. This is applicable if the sale consideration exceeds ₹50 lakh. The buyer must deposit TDS using Form 26QB and provide Form 16B to the seller.

How to Use

Enter the total sale consideration of the property.
Enter the stamp duty value (circle rate value) of the property.
The tool computes TDS on the higher of sale consideration or stamp duty value.
Click Calculate — shows TDS amount @1%, balance to be paid to seller, and key compliance dates.
Use the Form 26QB details shown to deposit the TDS on the TIN-NSDL portal.

Frequently Asked Questions

Who deducts TDS under 194IA?

The buyer of the immovable property is responsible for deducting TDS — not the seller. Buyers who fail to deduct/deposit TDS face penalty equal to the TDS amount and interest at 1.5% per month.

Is TAN required to deposit TDS on property?

No. Unlike other TDS sections, TDS under Section 194IA is deposited using the buyer's PAN (not TAN) through Form 26QB on the TIN-NSDL portal.

When must TDS under 194IA be deposited?

TDS must be deposited within 30 days from the end of the month in which TDS was deducted. Form 16B must be issued to the seller within 15 days of the due date for filing Form 26QB.

Does TDS apply on agricultural land purchase?

No. Section 194IA does not apply to agricultural land. However, land near urban areas may not qualify as agricultural land — check the definition under the Income Tax Act.