How to Pay TDS For Property Purchase Online?
Last Updated on, April 12, 2023
Step 1 – Open the Official Website of the Income Tax Department
Go to the official website of the income tax department –https://www.incometax.gov.in/iec/foportal/
Step 2 – Register your account
In case you do not have a login ID, please register through your PAN number and generate a password for further login.
Step 3 – Login to your account
Login with your PAN number as a user ID and continue. Click on “Please confirm your secure access message displayed above” and “Continue” to log in to the portal.
Step 4 – Select e-Pay Tax
Go to the “e-file” section and select “e-Pay Tax” from the dropdown menu.
Step 5 – Select New Payment
Once that section loads, click on the “New Payment” button on the right side.
Step 6 – Select TDS on the Sale of the Property
Select “26 QB (TDS on Sale of Property) and proceed.
Step 7 – Fill in the Buyer Details
In the residential status of the buyer – Select “resident”. Fill in your (buyer’s) details such as your name, PAN number, address, mobile number, and email ID. In case there are multiple buyers, please select “YES”.
Step 8 – Fill in the Seller Details
Fill in the seller’s details such as the PAN number of the builder, address of the builder, mobile number and email ID. You can refer to our demand letter for all these details about Marathon. Select “No” to answer the question about “Whether more than one seller”
Step 9 – Fill in the Property & Payment Details
As a next step, you will have to enter the address of the property, agreement value, date of booking, date of payment, method of payment (instalment or lump sum), total amount paid in previous instalments and currently paid principal.
Step 10 – Select Payment Options
In the next step, select your payment option from a list of options displayed and proceed to the payment gateway.
Step 11 – Send us the TDS Receipt
Once you have made the payment, you will get a TDS receipt. You can email this TDS receipt to [email protected] or Whatsapp us at 7677350350.