TDS on Sale of Property

Ensure smooth property transactions with expert TDS compliance and hassle-free filings by Finance Shelter

Picture This…

You’re selling a property. The buyer forgets to deduct 1% TDS or delays filing Form 26QB. Soon, the Income Tax Department sends a notice, penalties start building, and your sale hits a legal deadlock.
With Finance Shelter, that chaos never happens. We guide buyers on TDS deduction, file Form 26QB, help sellers obtain Form 16B, and manage the full process—accurately, promptly, and stress-free.

1. Why TDS on Property Sale Matters

• Mandatory Law – Under Section 194-IA, 1% TDS is required on sales above ₹50 lakh.
• Penalty Protection – Late deduction or filing = hefty fines and interest.
• Tax Credit Proof – Form 16B allows sellers to claim rightful credit.
• Hassle-Free Registration – TDS compliance avoids delays in sale deed execution.
• Financial Clarity – Smooth documentation benefits both buyer and seller.

2. What We Do

1. TDS Applicability Advisory – Clarify if the deal is covered under 194-IA.
2. Form 26QB Filing – Prepare and e-file the TDS return with buyer’s digital signature.
3. Form 16B Retrieval – Secure and share the TDS certificate for seller’s tax return.
4. Due Date Tracking – Never miss deadlines—reminders and compliance alerts included.
5. Dispute Handling – Help resolve PAN mismatches, default notices, and more.

3. Our 5-Step “Property-TDS” Protocol

1. Deal Review – Verify agreement, parties, PANs, and sale consideration.
2. Accurate Deduction – Calculate 1% TDS on total property value (excluding agri land).
3. Timely Form 26QB Filing – Done within 30 days—error-free, digitally signed.
4. Form 16B Issuance – Download and deliver certificate for seller’s tax credit.
5. Compliance Monitoring – Watch for mismatches or processing delays, and fix fast.

Fastest turnaround: Same-day 26QB filing + Form 16B delivery.

4. Common Pitfalls We Help You Avoid

• Buyer forgets to deduct TDS – causes legal liability and penalties.
• Late Form 26QB filing – invites ₹200/day penalty + interest.
• Missing Form 16B – seller can’t claim credit in ITR.
• Wrong PAN or amount – leads to rejection or mismatch notices.
• Unaware of TDS on extra charges – like brokerage, parking, or registration fees.

Our 40-point checklist prevents costly oversights.

5. Success Snapshots

• Individual Seller – Avoided ₹50K penalty through timely Form 26QB & 16B handling.
• Real Estate Developer – Bulk TDS filings across 12 flats completed in 2 days.
• Corporate Buyer – Ensured compliance in 3 state-wide property purchases—no delays in registration.

6. Why Finance Shelter?

• Specialists in Property TDS – Trusted by individual sellers, realtors, and buyers.
• One-Stop Service – Advisory → Filing → Certificate → Dispute Handling.
• Clear, Upfront Pricing – No last-minute charges or vague billing.
• Real-Time Updates – Get WhatsApp alerts as soon as each step is completed.
• Proven Track Record – Smooth transactions, zero penalty cases, fast turnaround.