Regarding tds on purchase of property

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Rani Jain (Querist)
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19 February 2014 Hello,

I had purchased property after June13 of more than 50,00,000/- so I am liable to deduct TDS.

Can I pay cash to bank and bank can generate a challan for me on TDS deducted on Property?
And if Yes what would be my next procedure to file respective return and to have Form 16B.

Thank you

Nikhil Kaushik

Nikhil Kaushik (Expert)
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19 February 2014 You need to fill the challan form online and then take a print of the same and then u can deposit the tds with bank. Once the challan is processed, you can create an account at tdscpc.gov.in and download form 16b from there

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