Steps involved in filling form 26QB
Go to NSDL website
Under 'TDS on sale of property, click on "Online form for furnishing TDS on property (Form 26QB)"
Select the applicable challan as "TDS on Sale of Property".
Fill out the complete form as applicable.
Required information while filling the form 26QB :
PAN of the seller & buyer
Communication details of seller & buyer
Amount paid/credited & tax deposit details
Submit the duly filled form to proceed. A confirmation screen appears. After confirming, a screen shows two buttons: "Print Form 26QB" and "Submit to the bank". A unique acknowledgment number is also displayed on the screen. It is advisable to save this acknowledgment number for future use.
Click on "Print Form 26QB" to print the form. Then click "Submit to the bank" to make the required payment online through internet banking. Then proceed to the payment page through the internet banking facility of various banks. For a list of authorized banks, please refer to https://onlineservices.tin.egov-nsdl.com/etaxnew/Authorizedbanks.html
On successful payment, a challan counterfoil will be displayed containing CIN, payment details, and bank name through which the e-payment has been made. This counterfoil is proof of payment being made.
Proceed to the TRACES portal( www.tdscpc.gov.in) after 5 days to download Form 16B.
II. Steps to Download Form 16B:
Register & login on the TRACES portal ( www.tdscpc.gov.in) as a taxpayer using your PAN.
Select "Form 16B (For Buyer)" under the "Downloads" menu.
Enter the details pertaining to the property transaction for which Form 16B is to be requested. Enter the Assessment Year, Acknowledgment Number, and PAN of the Seller, and click "Proceed".
A confirmation screen will appear. Click on "Submit Request" to proceed.
A success message on submission of a download request will appear. Please note the request number to search for the download request.
Click on "Requested Downloads" to download the requested files.
Search for the request with the request number. Select the request row and click on the "HTTP download" button.
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