Form 26QB filing for TDS payment

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This discussion clarifies the process of filing Form 26QB for Tax Deducted at Source (TDS) on property purchases. It addresses a query regarding making TDS payments in installments, confirming that separate Form 26QB filings are required for each payment made. The advice also touches upon how to handle the payment date for amounts financed through loans.

DIVYESH JAIN

DIVYESH JAIN (Querist)
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09 March 2023 Dear Sir,

One of my client has purchased a property and wants to make TDS payment. He has made the payment to the builder in 2 installments. He paid Rs. 32 lacs in Feb 2023 and 32 lacs in March 2023 and has also applied for loan for balance payment to the builder.

My query is do I need to fill Form 26QB separately for each payment made. Also what should be the date of payment I must put for the installment he will receive through loan. Bank is insisting on making entire TDS payment including loan amount.

Please help me in this matter.

Thanks,
Divyesh Jain