Accountum India provides expert consultancy services for Property TDS compliance in Ahmedabad and across India.
As per the Income-tax Act, 1961, any individual or company purchasing an immovable property valued at ₹50 lakh or more is required to deduct Tax Deducted at Source (TDS) at 1% from the payment made to the seller.
The deducted TDS must be deposited with the Income Tax Department by filing Form 26QB within the prescribed time limit.
Our Property TDS Services Include
Accountum India offers complete assistance for property TDS compliance, including:
Calculation of TDS on property transactions
Filing of TDS Form 26QB
Online payment of Property TDS
Generation of Form 16B (TDS Certificate)
Correction or revision of TDS return if required
Guidance on property transaction tax compliance
When is Property TDS Applicable?
Property TDS is applicable when:
The property value is ₹50 lakh or more
The buyer makes payment to the seller for purchase of immovable property (land, building, or flat)
The buyer must deduct 1% TDS from the sale consideration before making payment to the seller
TDS Payment on Sale of Immovable Property (Section 194IA)
Under the Income-tax Act, 1961, Section 194IA provides the rules for Tax Deducted at Source (TDS) on the sale of immovable property.
Immovable property includes land, residential house, commercial property, office space, bungalow, flat, apartment, and other real estate assets. When the value of such property is ₹50 lakh or more, the buyer is required to deduct TDS at the rate of 1% from the payment made to the seller.
The buyer must deposit the deducted tax with the Income Tax Department by filing Form 26QB through the official online portal. After the TDS payment is made, the buyer must download the TDS certificate from TRACES and provide it to the seller as proof of tax deduction.
Process of Property TDS Payment
The process for payment of property TDS generally includes:
Deduct 1% TDS from the property payment made to the seller.
File Form 26QB online through the official portal.
Deposit the TDS amount with the government within the prescribed time.
Download the TDS Certificate (Form 16B) from the TRACES portal.
Provide the certificate to the seller for tax records.
Our Property TDS Consultancy Services
Accountum India provides complete consultancy for TDS compliance on property transactions, including:
Calculation of TDS amount as per Section 194IA
Filing of Form 26QB for property transactions
Generation of TDS challan for payment
Online or offline TDS payment assistance
Download and generation of Form 16B (Property TDS Certificate)
Consultancy for correction or revision of TDS filings
General guidance on property tax compliance
Documents Required for Property TDS Payment
To file TDS on immovable property, the following details are generally required:
PAN card of Buyer(s)
PAN card of Seller(s)
Aadhaar card of Buyer(s)
Aadhaar card of Seller(s)
Complete address of the property
Sale agreement details
If the seller is a Non-Resident Indian (NRI), additional compliance under Section 195 of the Income Tax Act may apply and TAN registration may be required.
Property TDS Consultant in Ahmedabad
Consultant Name: Accountum India
Serving Location: Ahmedabad, Gujarat and across India
Office Address:
Shed No. 202, Raghuveer Industrial Estate Part 3
Opp. Vatva Railway Station
Near Platinum Industrial Estate
Vatva, Ahmedabad – 382445, Gujarat