A buyer paying ₹50 lakh or more for property other than agricultural land deducts 1% TDS and deposits it with the PAN-based challan-cum-statement (Form 141 from 1 April 2026; Form 26QB before that). Enter the price and the stamp duty value. Everything runs in your browser; nothing you type is saved or sent.
TDS on a property purchase
Section 194-IA: the buyer deducts and deposits it.
₹65 lakh
₹60 lakh
TDS to deduct
₹65,000
1% of ₹65,00,000, the higher of consideration and stamp duty value
Deposit with Form 141 (Form 26QB before 1 April 2026) within 30 days from the end of the month of payment, then give the seller the TDS certificate (Form 132, formerly Form 16B)
Where there are several buyers or sellers, the ₹50 lakh test is on the total consideration, and each buyer deducts on their own share. Section numbers are from the Income-tax Act, 1961 (for transactions before 1 April 2026; the Income-tax Act, 2025 applies from then, with renumbered sections).
Sources: Sections 194-IA, 195 and 206AA of the Income-tax Act, 1961 (for transactions before 1 April 2026; the Income-tax Act, 2025 applies from then, with renumbered sections).
Common questions
When does TDS on property apply?
When the consideration for property other than agricultural land is ₹50 lakh or more. TDS is 1% of the higher of the consideration and the stamp duty value.
When is the TDS due?
Within 30 days from the end of the month in which the TDS was deducted, on Form 141 (Form 26QB for payments before 1 April 2026). The buyer then downloads the TDS certificate (Form 132, formerly Form 16B) and gives it to the seller.
Does the buyer need a TAN?
Not when buying from a resident: the challan-cum-statement uses the PAN of the buyer and the seller. When the seller is an NRI a different provision and rate apply; from 1 October 2026 a resident individual or HUF buyer can deposit that TDS against their PAN as well, while companies and firms still need a TAN.