From June 2013, purchaser of property with value of Rs.50 lakh and above should deduct 1% TDS at the time of making payment.
The buyer must then deposit this 1% TDS to the Government.
Form 26QB is a return cum challan for payment of TDS to the government. Form 16B is a TDS certificate issued by the buyer to the seller for TDS deducted.
Please download the attached template and send an email on sachin.dekate@primeconsultancy.net.in
Timings Mon to Sat 10AM to 7 PM
