TDS on Property Purchase Paid

To resolve the issue where a TDS on property challan was paid without seller and property details, you cannot generate the TDS certificate because the payment is missing the necessary statement data. You must file a fresh, correct Challan-cum-Statement containing all mandatory property and seller details, make the new payment to generate the certificate, and then either claim a refund for the initial wrongly paid challan or request a manual adjustment through your Jurisdictional Assessing Officer.

TDS on property purchase has a strict 30-day window.

Key steps for buyer:
- Rate: 1% of sale consideration (applies if consideration exceeds Rs 50 lakh)
- Payment: File Form 26QB on TIN 2.0 portal within 30 days of payment/registration (not both - whichever is earlier)
- Form 16B: Download from TRACES within 15 days of the 26QB due date and hand to seller

Common mistakes to avoid:
- Old TIN-NSDL link redirects to TIN 2.0 now - make sure you are on the correct portal
- Stamp duty value vs actual sale price: TDS is on whichever is higher per Section 194-IA
- Joint buyer scenario: each buyer files a separate 26QB with their own PAN and the seller PAN, proportionate to their share

Missed the 30-day window? You will attract 1.5% per month interest from the deduction date. File 26QB immediately and deposit the interest along with TDS. This [TDS calculation guide with property examples](https://taxgarden.in/blog/tds-calculation-tool-formula-complete-guide-with-rates-examples-2026) covers the step-by-step flow.