TDS on Property Purchase Paid

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HANMANT

AUDIT & ACCOUNT ASSISTANT

102 Points Posted on 01 September 2026

My Clients have purchased new property on 05 Aug 2026 at Pune Value of Rs.10875568/-

On 25/08/2026 from PAN user id I have generated challan Form 141 @ 1% Rs.108756/- and due to new programme (previous F26QB) challan Form 141 was generated without filing any property and seller details. Challan has been paid on 27/08/2026 in Bank and paid challan receipt generated.

Now on base of payment made Form 141, I want to generate Form 132 (previous F16B) but fail it is again generating new challan Form 141 of Rs.108756/-.

How to solve above issue, expert please guide.

Thanks in advance

Replies (2)

Quick Summary

A user paid a TDS on property purchase challan (Form 141) without entering property or seller details, and now cannot generate the TDS certificate (Form 132). The advice given is to file a new, correct challan-statement with all details, make the payment, and then claim a refund for the initial incorrect challan or seek manual adjustment. It also reminds that TDS on property requires filing Form 26QB within 30 days of payment or registration, with penalties for missing the deadline.

Aashok Kumar Sharma

Finance/Compliance Consultant

70435 Points Posted on 02 September 2026

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.

Tax Garden

Tax Consultant

2056 Points Posted on 03 September 2026

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.