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Loading…Income Tax & TDS · Statutory Filing
Form 26QB return filing and Form 16B certificate generation for 1% TDS on purchase of immovable property.
Regulatory framework, applicability & compliance boundaries
Under Section 194-IA of the Income Tax Act, any buyer purchasing immovable property (land, building, flat, or commercial space) valued at ₹50 Lakhs or more must deduct 1% TDS from the sale consideration and deposit it using Form 26QB within 30 days. No TAN is required; the filing is linked to the buyer's PAN. SRI Filing computes accurate TDS on installment/lump-sum payments, pays the challan, and generates Form 16B.
Mandatory criteria to satisfy before engagement
Transparent stages from document intake to final delivery
Verify buyer and seller PAN cards and calculate 1% TDS on total consideration / stamp value.
Submit Form 26QB on the Income Tax e-filing portal and execute electronic tax payment.
Download official Form 16B certificate from TRACES and deliver to buyer and seller.
Digital scans in PDF / JPG (under 5MB)
Ongoing filings to maintain active legal status
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