TDS payment using Form 26QB when buying property on loan

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.

Key rules for a loan-funded purchase:

• Sec 194-IA requires 1% TDS at the time of each credit or payment to the seller or builder, including every instalment disbursed by the bank directly to the builder. The bank's payment is your payment.

• The Rs 50 lakh threshold is tested on the total consideration (Rs 1 crore here), not on each instalment. TDS applies on every instalment from the first. Since 1 October 2024, the test is on total consideration even with multiple buyers or sellers.

• Each 26QB: enter the total consideration (your share, if joint), and the amount paid in that instalment. File one 26QB per instalment (or per month's payments), within 30 days from the end of the month of payment.

• Banks usually disburse the net amount (99%). Ask the bank to deduct 1% and remit it to you, or pay the 1% from your own funds and deposit it.

• Joint buyers (50:50): each files their own 26QB for their share of each instalment. The threshold is still tested on the full Rs 1 crore.

• Late deposit: interest under Sec 201(1A) (1.5% per month) and fee under Sec 234E (Rs 200 per day). File promptly after each disbursement.

I had paid TDS on 2 instalments in March 2026 upon booking a new flat.Due certain reasons, sale agreement could only be concluded in Oct 2026. The project is completed and ready for registration.I am now clearing the balance payment via combination of own contribution+ bank loan. Queries: 1. Can TDS on balance be made in 1 instalment as intended to be completed in Nov month itself.This will be a combination of own contribution + bank loan 1 instalment (to be made direct by bank to builder). 2. Should TdS be only on that part of loan amount that contributes to sale consideration value (loan also includes elements not part of sale consideration value eg. Club house charges, 1st year maintenance, contingency amt etc). 3. As the bank loan amt will.be disturbed only after a week whereas my own contribution will.be completed in 2 days, can TDS can be finished in 1 instalment by me before the bank pays including its share (sort of last instalment) or I need to wait for the disbursement day. 4. In case allowed to combine instalments, what should be date of payment indicated in form 141 (is this the date of bank payment being last one) . Regards