TDS payment using Form 26QB when buying property on loan

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.