Form 26QB Checklist



FORM 26QB – CLIENT DOCUMENT CHECKLIST

(TDS on Purchase of Immovable Property under Section 194-IA of Income Tax Act, 1961 or Section 393 of Income Tax Act, 2025)



1. APPLICABILITY

Important:• TDS under Section 194-IA is applicable when the sale consideration of immovable property is ₹50,00,000 or more.• TDS is required to be deducted @ 1% of the sale consideration.• TDS is required to be deducted by the Buyer of the Property at the time of payment or credit to the Seller, whichever is earlier.


2. DETAILS OF BUYER

• Full Name of Buyer• PAN Card of Buyer• Address of Buyer• Mobile Number of Buyer• Email ID of Buyer


3. DETAILS OF SELLER

• Full Name of Seller• PAN Card of Seller• Address of Seller• Mobile Number of Seller• Email ID of Seller


4. PROPERTY DETAILS

• Complete Address of Property• Type of Property (Land / Building / Flat / Commercial Property)• Date of Agreement / Booking• Date of Payment / Instalment• Total Sale Consideration• Amount Paid in Current Instalment


5. PAYMENT DETAILS

• Date of Payment to Seller• Mode of Payment (Cheque / RTGS / NEFT / Loan)• Amount of Payment• Amount of TDS Deducted


6. ADDITIONAL DETAILS REQUIRED

• Whether property is jointly owned• Whether there are multiple buyers• Share of each buyer and seller in the property• Copy of Sale Agreement / Allotment Letter / Sale Deed


7. BANK DETAILS FOR TDS PAYMENT

• Bank Name• Mode of TDS Payment (Net Banking / Challan)