TDS compliance on house sale

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20 Points Posted on 05 February 2026
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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Quick Summary
For property sale of 1.5 crore, Section 194-IA applies. Buyer must deduct 1% TDS, deposit via Form 26QB within 30 days, and issue Form 16B. Seller can claim this TDS against capital gains tax.

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Finance/Compliance Consultant
28 Points Posted on 06 February 2026

  • 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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20 Points Posted on 06 February 2026

Thank you very much sir.

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On 06 February 2026 at 11:03

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