Form No- 26QB Statement of Deduction of Tax PDF

Form No- 26QB Statement of Deduction of Tax in PDF download free from the direct link below.

Form No- 26QB Statement of Deduction of Tax - Summary

Download the Form No – 26QB Statement of Deduction of Tax in PDF format here. The Form 26QB is essential for the Statement of Deduction of Tax, which serves as a return cum challan for TDS payments to the government. Additionally, Form 16B is a certificate that the buyer issues to the seller for the TDS that has been deducted. Each buyer must fill out the Form 26QB challan for every unique buyer-seller combination concerning their respective share.

Understanding Form No- 26QB

Form No- 26QB plays a vital role in the process of TDS on property sales. It ensures that the tax deducted at source (TDS) is properly documented and the government receives the due payments.

Form No- 26QB Statement of Deduction of Tax (Procedure)

Steps to fill form 26QB:

  1. Go to the TIN NSDL website​ ( www.tin-nsdl.com ).
  2. Under ‘TDS on sale of the property’, click on “Online form for furnishing TDS on property (Form 26QB)” or click here.
  3. Select the applicable challan as “TDS on Sale of Property”.
  4. Fill the complete form as applicable. (Be prepared with the following information while filling form 26QB:
    1. PAN of the seller & buyer
    2. Communication details of seller & buyer
    3. Property details
    4. Amount paid/credited & tax deposit details
  5. 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 will also appear on the screen. It’s advisable to save this acknowledgment number for future reference. Click on “Print Form 26QB” to print the form. Then click on “Submit to the bank” to make the necessary payment online via internet banking. Proceed to the payment page through the internet banking options of various banks. For a list of authorized banks, please refer to https://onlineservices.tin.egov-nsdl.com/etaxnew/Authorizedbanks.html.
  6. On successful payment, a challan counterfoil will be displayed containing CIN, payment details, and the bank name through which e-payment has been made. This counterfoil serves as proof of payment.

You can easily download the Form No- 26QB Statement of Deduction of Tax in PDF format online from the link provided below. Don’t forget to download your PDF for your records! 📄

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Form No- 26QB Statement of Deduction of Tax PDF Download