TDS compliance on house sale

TDS 383 views 2 replies
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65 Points Joined June 2021
Hi,
    I am selling my house for Rs. 1.5 crore located in TamilNadu. Can someone please help me with the TDS tax compliance that should be aligned between me and the buyer? What is the procedure and timelines for it? Thanks in advance.
 
Thanks
Mani
 
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On 05 February 2026 at 11:37 Report
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Finance/Compliance Consultant
60176 Points Joined June 2010

  • Section 194-IA applies as sale value is ₹1.5 crore

  • Buyer deducts TDS @ 1% (₹1.5 lakh)

  • TDS deposited via Form 26QB within 30 days

  • Form 16B issued to seller

  • Seller later adjusts TDS against capital gains tax

 

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On 06 February 2026 at 06:24
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65 Points Joined June 2021

Thank you very much sir.

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On 06 February 2026 at 11:03

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