Step By Step Guide To Pay 1% TDS on Property in India

How to pay 1% tds on property in India?

1. Go to https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
     Click on Form 26QB (Payment of TDS on sale of Property)

While submitting Form 26QB you may chose to pay via net banking.Once Form is filled & submitted correctly an acknowledgement number will be generated before you are taken to your bank's online system to pay TDS amount.

2. Once Form 26QB is filed you will be taken to netbanking system of the bank you chose while filling Form 26QB

While paying via net banking fill amount as "Income Tax" as explained here. Once payment is made Challan No. / ITNS 280 will be generated which have Challan Serial Number

3. Register on Traces website https://www.tdscpc.gov.in to download form 16B which is to be given to builder as explained here. Please note: Traces website do not open from out of India.

4. Once you are registered successfully and logged on successfully on Traces website, submit a request for Form 16B. First it takes request for Form 16B which becomes available in few hours (Can take up to few days).

5. Log on to Traces website after waiting for few days and see if Form 16B is available to download and download if it is available to download.