Tax Consultant
1830 Points
Posted on 09 September 2026
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.