Form 26QB on multiple installment

Yes,

Date of deduction.

Thanks Sir,

I'm not very sure what is the definition of date of deduction though. Can it be any of 15th Nov or 25th Nov? I did separate payouts on each date to the seller

I had a AV of 10L on both of those dates. Paid the seller AV Post TDS of 9.9L on 15th as well as 25th November.

Generally the date of deduction is arrived from the sale agreement. 

Hi sir,

I don't think I understood that part about sale agreement

Sale agreement has a clause of payment, the date of installment is based on some specific event as specified in the aggrement.

Right, I have been paying installments based on the specified dates

For November there were two installment entries for November 15 and November 25, both were separate events of slab completion

I paid the installments separately for both.

But now since we are talking about a single form 26qb, it's unclear what would be the value for

Date of Credit/Payment

Date of Deduction

As both events were on different date. Should I chose the earlier date (15) or the later date (25)

As you paid both insalmment in same month, you can club them as on 15th as date of deduction.

Thanks a lot sir. That would make the most sense

You are welcome.                  

Good Luck.        

When a property is paid in multiple instalments, Form 26QB must be filed for each instalment separately.

Under Section 194-IA, TDS at 1% is deducted on each payment at the time it is made. The filing trigger is per payment, not for the total deal amount.

How it works:
- Pay Rs 25L as token/advance: deduct Rs 25,000 TDS (1%), file 26QB within 30 days from end of that month
- Pay Rs 30L as construction-linked payment: deduct Rs 30,000 TDS, file a fresh 26QB within 30 days of end of that month
- Continue for each payment until full consideration is covered

Important: TDS applies on each instalment if the TOTAL sale consideration exceeds Rs 50 LAKHS. So if total price is Rs 55L and you pay Rs 20L first, TDS applies on that Rs 20L because the overall deal crosses the threshold.

Each 26QB filing generates a separate acknowledgement (Form 16B for the seller). Download from TRACES and give to the seller for each payment.

This [TDS on property purchase guide](https://taxgarden.in/blog/tds-on-property-purchase-section-194-ia-form-26qb-india) covers the instalment-by-instalment filing steps and the late-filing penalty under Section 234E.