How to Download 26QB Form with Acknowledgement Number
If you are buying or selling a property in India, you need to be aware of the tax implications involved. One of the taxes that you need to pay is the Tax Deducted at Source (TDS) on the sale of property under Section 194-IA of the Income Tax Act, 1961. This tax is deducted by the buyer from the payment made to the seller and deposited to the government using a form called 26QB. In this article, we will explain what is 26QB form, when and how to file it, and how to download it with acknowledgement number.
download 26qb with acknowledgement number
What is 26QB Form?
Form 26QB is a return-cum-challan form for the payment of TDS on property. It is an online statement that contains the details of the property transaction, such as the PAN of the buyer and seller, the address of the property, the amount paid or credited, and the tax deposit details. It is available on the TIN-NSDL website.
Requirements of Section 194-IA
According to Section 194-IA of the Income Tax Act, any individual or Hindu Undivided Family (HUF) who buys an immovable property (other than agricultural land) worth more than Rs. 50 lakh has to deduct TDS at the rate of 1% from the payment made to the seller. The TDS has to be paid on the entire sale amount, not just on the amount exceeding Rs. 50 lakh. The TDS also includes any charges that are incidental to the transfer of property, such as club membership fee, car parking fee, water or electricity facility fee, maintenance fee, etc.
When to File 26QB Form?
The buyer has to file and submit 26QB form within 30 days from the end of the month in which the tax was deducted. For example, if you buy a property on 15th December 2022 and deduct TDS from the payment, you have to file 26QB form by 30th January 2023. If you fail to file the form within the due date, you will have to pay a late fee of Rs. 200 per day till the date of filing.
How to Pay TDS through 26QB Form?
To pay TDS on property through 26QB form, you need to follow these steps:
How to download 26qb form online using acknowledgement number
Steps to fill and submit 26qb challan for TDS on property
Download form 16B from TRACES portal after filing 26qb
Correct mistakes in 26qb form using acknowledgement number
Generate and print 26qb form from TIN NSDL website
Penalty for late payment of TDS through 26qb challan
Due date for filing 26qb form for TDS on sale of property
Verify status of 26qb payment using acknowledgement number
Procedure to revise 26qb form online
FAQs on 26qb form and TDS on property
How to file 26qb form for joint buyers and sellers
Download form 16B without acknowledgement number of 26qb
How to pay TDS on property through net banking using 26qb
Difference between form 16B and form 26QB
How to claim refund of excess TDS paid through 26qb
Documents required for filing 26qb form online
How to file 26qb form for NRI seller or buyer
How to cancel or delete 26qb challan online
How to file income tax return after paying TDS through 26qb
How to get duplicate copy of 26qb challan receipt
How to file multiple 26qb forms for installment payments
How to file consolidated 26qb form for multiple sellers or buyers
How to file correction statement for 26qb form online
How to download consolidated file and justification report for 26qb form from TRACES portal
How to register and login on TRACES portal as buyer for downloading form 16B after filing 26qb
How to avoid TDS deduction on sale of property by filing form 26QB
How to file nil TDS return through 26QB form online
How to file form 15G or 15H along with form 26QB online
How to file form 27Q for TDS on property purchased from NRI seller using acknowledgement number of form 26QB
How to file form 49B for TAN application along with form 26QB online
How to file form ITR-2 after paying TDS through form 26QB online
How to file form ITR-V after filing income tax return with TDS details from form 16B generated after filing form 26QB online
How to file grievance related to form 26QB online using e-Nivaran portal
How to check PAN details of seller or buyer before filing form 26QB online
How to calculate TDS amount on sale of property using online calculator before filing form 26QB online
How to update contact details of seller or buyer in form 26QB online using acknowledgement number
How to download and print provisional receipt of form 26QB payment from bank website using acknowledgement number
How to download and fill offline utility of form 26QB from income tax website and upload it online using acknowledgement number
How to download and view Form AS-26 from income tax website after filing Form 26QB online using acknowledgement number
How to download and view Form ASK from income tax website after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form ASK generated after filing Form ASK online using acknowledgement number of Form
Step-by-step Guide
Visit the TIN-NSDL website and click on under Services.
Select and click on Proceed.
Select as the applicable challan and fill in all the required details, such as PAN of buyer and seller, address of property, amount paid or credited, tax deposit details, etc.
Submit the form and verify the details on the confirmation screen.
A unique acknowledgement number will be displayed on the screen. Save this number for future reference.
Click on Print Form 26QB to print or save a copy of the form.
Click on Submit to Bank to make the payment online through internet banking or debit card.
Select your bank from the list of authorized banks and login with your credentials.
Enter the amount of TDS and confirm your payment.
A challan counterfoil will be generated containing CIN (Challan Identification Number), payment details, and bank's name. Save this counterfoil as a proof of payment.
How to Download 26QB Form?
After paying the TDS through 26QB form, you can download the form from the TIN-NSDL website for your records. To download 26QB form, you need to follow these steps:
Step-by-step Guide
Visit the TIN-NSDL website and click on under Services.
Select and click on Proceed.
Enter the acknowledgement number that you received after submitting the form and click on View/Download.
A PDF file of Form 26QB will be displayed on the screen. You can print or save it for your reference.
How to Track PAN Card Status with Acknowledgement Number?
If you have applied for a PAN card online, you can track the status of your application using the acknowledgement number that you received after submitting the form. To track PAN card status with acknowledgement number, you need to follow these steps:
Step-by-step Guide
Visit the NSDL website and click on .
Select from the drop-down menu.
Enter your acknowledgement number and click on Submit.
The status of your PAN card application will be displayed on the screen. You can check whether your application is processed, dispatched, or returned.
Conclusion
In this article, we have explained how to download 26QB form with acknowledgement number. We have also covered what is 26QB form, when and how to file it, and how to pay TDS on property through it. We hope this article has helped you understand the process of filing and downloading 26QB form. If you have any questions or queries, feel free to contact us or leave a comment below.
FAQs
Here are some frequently asked questions about 26QB form:
What is the difference between Form 16B and Form 26QB?
Form 16B is a certificate issued by the buyer to the seller as a proof of TDS deduction and payment on property. Form 26QB is a return-cum-challan form for the payment of TDS on property by the buyer. Both forms are required for filing income tax returns by the seller.
How can I get Form 16B?
You can get Form 16B from the TRACES website after registering as a taxpayer. You need to enter your PAN, acknowledgement number, and assessment year to download Form 16B.
What if I make a mistake in filling Form 26QB?
If you make a mistake in filling Form 26QB, you can rectify it online through the TIN-NSDL website. You need to enter your PAN, acknowledgement number, and token number to rectify Form 26QB.
What if I don't file Form 26QB within the due date?
If you don't file Form 26QB within the due date, you will have to pay a late fee of Rs. 200 per day till the date of filing. You will also have to pay interest at the rate of 1% per month or part thereof on the amount of TDS from the date of deduction to the date of payment. You may also face penalty under Section 271H ranging from Rs. 10,000 to Rs. 1 lakh.
What if I don't pay TDS on property at all?
If you don't pay TDS on property at all, you will be liable for prosecution under Section 276B of the Income Tax Act, which may result in imprisonment for a term ranging from three months to seven years and fine.
References: : : : 44f88ac181