Download 26qb From Income Tax Portal

So I bought an apartment last year from builder and I am paying them installment directly. After paying any installment I used to visit NSDL portal to fill Form 26QB and pay TDS on Sale of Property. Recently on visiting the same link it suggests me to file TDS from incometax.gov.in. When I visit that link and enter my PAN card number it takes me to a page where I only see 3 options:

Under the new e-Pay Tax service, the entire chain of activities related to payment of direct taxes, from generation of challan (CRN) to making payment and recording of the payment history is enabled through the e-Filing portal (Home | Income Tax Department) for Authorized Banks. Filing of Form 26QB/26QC/26QD/26QE is also available under this functionality.

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Any request for a refund/reversal of the challan amount will not be entertained by the e-Filing portal. The taxpayer is advised to claim that amount as a tax credit in the income tax return for the relevant Assessment Year.

Payer/ Deductor is not required to obtain Tax Deduction and Collection Account Number (TAN). The challan cum statement for the aforementioned forms is PAN based and available in e-Pay Tax service after logging into the income tax portal.

If you experience any issue with the e-Pay Tax service on e-Filing portal, either send an email at epay.helpdesk@incometax.gov.in or efilingwebmanager@incometax.gov.in or call the e-Filing Center at one of the numbers listed below:

e-Payment through Challan 26QB (Online)

Step-1: Log in to your account on the Income Tax e-filing portal. Select e-File > click on e-Pay Tax from the dropdown as shown below

The income tax department receives an Annual Information Return (AIR) from the registrar/sub-registrar office regarding the purchase and sale of property regularly. From this report, the department can figure out if you have made a property transaction exceeding Rs.50 lakh.

If the buyer has not deducted tax at source at 1% of the transaction amount or not filed TDS within the specified time, the IT department will send a notice to the buyer.

Yes, a customer can view all the challans paid until Oct 31, 2022. With effect from Nov 01, 2022, the customer will only receive debit advice from the Internet Banking portal. For challan download, the customer needs to visit the e-Filing portal.

The process of buying or selling property involves several legal and financial aspects, one of which is the deduction and deposit of Tax Deducted at Source (TDS). Form 26QB is a crucial component of this process, and it plays a pivotal role in ensuring that TDS on property transactions is collected and deposited correctly. Read on to know what Form 26QB is, the step-by-step process to fill it online, and the penalty charges associated with non-compliance.\r\nWhat is Form 26QB?\r\nForm 26QB is a statement cum challan that is used for the payment of TDS on the sale of property. It is essential for buyers and sellers of property in India to ensure compliance with the Income Tax Act. When a property is sold, the buyer is required to deduct TDS at a specific rate (usually 1%) from the total sale consideration and deposit it with the government. Form 26QB facilitates this process by capturing the necessary details of the transaction.\r\nStep-by-step process to fill Form 26QB\r\nFilling out Form 26QB can be a straightforward process if you follow these steps:\r\n\r\nVisit the TIN-NSDL website: Go to the official TIN-NSDL website, which is the platform for online tax payment.\r\nSelect Form 26QB: On the TIN-NSDL website, select "Form 26QB" under the "TDS on Sale of Property" category.\r\nFill in the transaction details: You will need to enter details such as the buyer's and seller's PAN (Permanent Account Number), the property details, and the transaction amount. Make sure all the information is accurate.\r\nVerify the information: Double-check all the details entered to ensure accuracy. Once verified, click on the "Proceed" button.\r\nPayment of TDS: You will be directed to the payment gateway. You can make the TDS payment online through net banking or other available payment modes.\r\nReceive the acknowledgement: After successful payment, you will receive an acknowledgement containing a unique acknowledgement number. This is essential for future reference.\r\nFile Form 26QB: Within ten days of the end of the month in which TDS was deducted, you need to file Form 26QB along with the acknowledgement number generated during the payment process.\r\n\r\nPenalty charges\r\nNon-compliance with TDS regulations, such as failing to file Form 26QB or not deducting TDS, can result in penalty charges. The penalty can amount to the TDS amount not deducted or deposited. It is crucial to adhere to the TDS rules to avoid unnecessary penalties and legal complications.

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\r\nIn conclusion, Form 26QB is a vital component of property transactions in India, and understanding the process and requirements is essential for a smooth and legally compliant transaction. By following the step-by-step guide provided here and ensuring compliance, you can avoid penalties and ensure a hassle-free property purchase or sale experience.\r\nHow to download Form 26QB?\r\nForm 26QB is a form used in India for the payment of tax deducted at source (TDS) on the sale of property. The form is typically used by the buyer to report the TDS deduction to the income tax department. The process may vary, and it's recommended to check the official website of the Income Tax Department or consult with a tax professional for the most accurate and up-to-date information.\r\nTo download Form 26QB for the payment of tax deducted at source (TDS) on the sale of property in India, follow the below steps:\r\n\r\nVisit the NSDL website ( -nsdl.com/).\r\nNavigate to the section related to Form 26QB or TDS on the sale of property.\r\nSelect the appropriate assessment year.\r\nFill in the required details, including PAN of the buyer and seller, property details, and TDS amount.\r\nDownload the filled form from the website.\r\nIf necessary, submit the downloaded form along with required documents to the designated authorities.\r\n\r\nHow to pay TDS online for 26QB\r\nThe process for paying TDS (Tax Deducted at Source) online for Form 26QB involves the following steps.\r\n\r\nVisit the TIN-NSDL website ( -nsdl.com/)\r\nNavigate to the "TDS on Sale of Property" section\r\nSelect Form 26QB for TDS on property sale\r\nFill in buyer and seller PAN, property details, and TDS amount\r\nChoose the payment mode (internet banking or card)\r\nGenerate the TDS Challan\r\nMake the online payment\r\nReceive the Challan acknowledgment as proof of payment\r\nSubmit the filled Form 26QB and Challan acknowledgment if required\r\nDownload the TDS certificate (Form 16B) from the TRACES website ( )\r\n\r\nPlease note that procedures may be subject to change, and it is advisable to check the official website of the Income Tax Department or consult with a tax professional for the most up-to-date information.\r\n", "dateModified": "27 October 2023", "mainEntityOfPage": { "@type": "Website", "@id": " -26qb" }, "@context": " ", "headline": "Form-26qb"} Disclaimer While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us. ff782bc1db