TDS payment using Form 26QB when buying property on loan

Hi,

I have bought a property on loan recently. Total value of property Rs. 1 cr. Out of this I have paid 10% till now and the rest will be paid by the bank based on stages.

I am expected to pay TDS on this.

Firstly, do I have the option to pay the entire TDS as lumpsum even though I have not paid total cost now?

Secondly, I am buying the property along with another co-buyer in a 50-50 arrangement. While filling the value in the portal, do I have to enter the value as half in the column for amount paid currently & stamp duty? And what about the column for total consideration?

Regards,

Confused

Replies (3)
Quick Summary
This discussion clarifies how to handle TDS payments using Form 26QB when purchasing a property with a home loan. It explains that the buyer is responsible for deducting TDS on each payment made to the seller, even if the bank disburses the funds. For joint buyers, each buyer must file a separate Form 26QB for each installment, entering the full property value in the 'Total Consideration' field and their proportionate share in other payment-related fields.

Field in 26QB Value to Enter (You as 50% buyer)
Total Consideration ₹50,00,000
Amount Paid Till-Date (first installment) ₹5,00,000
Amount Paid Till-Date (bank installment 1) ₹15,00,000
Amount Paid Till-Date (bank installment 2) ₹15,00,000
Amount Paid Till-Date (bank installment 3) ₹15,00,000
Stamp Duty Value 50% of actual stamp duty

The total consideration should include "aggregate of all amounts paid" based on the latest 194-IA.

Should that not be the case that the Total consideration should be 1 Cr and not 50 lakhs?

The others fields however should be proportionate apart from Total Consideration. 

Note: In the same boat, trying to learn.

For home loan property purchases, TDS under Section 194IA must be deducted on EVERY payment to the seller/builder when total consideration exceeds Rs 50 lakh. Here is exactly how this works:

WHO DEDUCTS TDS ,  YOU, not the bank:
Even when the bank disburses directly to the builder, the legal TDS obligation sits with the BUYER. You need to ensure TDS is deducted from each disbursement. Practical approach: ask your bank to release disbursements net of TDS, or inform the builder that each stage payment will be reduced by 1% TDS.

FORM 26QB TIMELINE:
File Form 26QB and deposit TDS within 30 DAYS from the end of the month in which payment is made (or credited to builder). Each installment = separate Form 26QB.

FOR 50/50 CO-BUYERS:
- 2 forms per installment (one per buyer)
- Total Consideration field: Full property value in EACH form (e.g., Rs 1 crore)
- Amount Paid/Credited: Each buyer enters their proportionate share (e.g., Rs 50 lakh each)
- TDS: 1% of each buyers share per installment

AFTER ALL PAYMENTS: Verify TDS in builders Form 26AS via TRACES. Download Form 16B and issue to seller.

For step-by-step [Form 26QB TDS filing including home loan disbursement and joint buyer scenarios](https://taxgarden.in/blog/income-tax-refund-status-check-online-ay-2026-27), Tax Garden handles all Form 26QB compliance.

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