TDS (Tax Deducted at Source)
Overview
When buying a property worth ₹50 lakhs or more in India, the buyer is legally required to deduct 1% TDS on the sale consideration and deposit it with the Income Tax Department via Form 26QB. Failing to deduct and deposit TDS attracts interest, penalties, and legal liability for the buyer. The seller also needs the TDS Certificate (Form 16B) for their tax filing. Many buyers are unaware of this obligation or make errors in filing, leading to demand notices from the IT Department. Vault's team handles the complete TDS compliance calculation, Form 26QB filing, payment, and obtaining Form 16B for the seller.
Use Cases
Documents Required & Process
Gather Your Documents
Send Your Documents
We calculate the TDS amount (1% of sale consideration) and prepare Form 26QB with accurate details of the property, buyer, and seller ready for submission on the TIN-NSDL portal.
TDS Filed and Challan Generated
TDS is deposited with the Income Tax Department through the TIN-NSDL portal. The payment challan is generated and shared with you immediately as proof of compliance.
We Handle The Rest
Form 16B (TDS Certificate) is applied for and shared with the seller within the due date. We confirm completion and guide you on retaining records for Income Tax purposes.
*Terms & Conditions apply
Apply for TDS (Tax Deducted at Source) now
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Other Services
₹5,000
₹4,500*
E-Khata
Get your official digital property record issued by BBMP/GBA mandatory.
₹20,000
₹12,000*
Khata Transfer
Transfer BBMP/GBA property records to the new owner's name after a sale.
₹10,000
₹7,500*
BESCOM Name Change
Update the electricity meter and bill to the new owner's name.
E-Khata
Get your official digital property record issued by BBMP/GBA mandatory.
₹5,000
₹4,500*
Khata Transfer
Transfer BBMP/GBA property records to the new owner's name after a sale.
₹20,000
₹12,000*
BESCOM Name Change
Update the electricity meter and bill to the new owner's name.
₹10,000
₹7,500*
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Arvind Nair
CEO, NeuroPixel
DivyaSree 77
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Dharmendra
CFO-GE India Technology Centre
Prestige Shantiniketan
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Sunil M.S
Entrepreneur & Business
Prestige Lakeside Habitat
"Vault handled my property documents end-to-end. What would have taken me weeks was completed in just a few days completely stress-free."
Rasik Hegde
Manager at EY
Brigade Cornerstone Utopia
"From document collection to final approval, Process was handled responsibly. I didn’t have to make multiple visits or constantly follow up. The service felt reliable and organized."
Sujith
Sobha Silicon Oasis
"Thanks to the dedicated efforts of Vault Proptech, I successfully received my E-Khata despite a highly complex case involving a 2012-registered property. Special thanks to Srikant and Shivam for their professionalism and patience. Highly recommend Vault Proptech for E-Khata and property services!"
Shivali Chaman
Swami Heights
"Vaultproptech was very helpful for getting my e khata of my flat in Prestige (PLRD), Uttarahalli. He is a pleasant person& technically competent in his field. After filling in the forms, he called me & double checked all the personal details so that nothing is missed. Excellent personal touch to make the clients comfortable & assured 👍."
Giridhara Gumballi
Prestige PLRD
"Great work by Alina on my e-Khata application. Entire process wrapped up in 3-4 days from the time I sent my documents. She was always available and kept providing timely updates."
Ankit Agrawal
Sterling Ascentia
Frequently Asked Questions
The buyer of the property is responsible for deducting 1% TDS from the sale consideration and depositing it with the Income Tax Department via Form 26QB.
No. TDS on property purchase (Section 194IA) applies only when the sale consideration is ₹50 lakhs or more. Below this threshold, TDS deduction is not required.
TDS is credited to the seller's tax account and can be claimed as a tax credit by the seller in their Income Tax Return. Whether it results in a refund depends on the seller's overall tax liability.
Section 194IA of the Income Tax Act requires buyers of residential property (above ₹50 lakhs) to deduct 1% TDS at the time of payment and file Form 26QB within 30 days.
TDS cannot legally be avoided if the property value exceeds ₹50 lakhs. However, the seller can apply for a lower deduction certificate from the IT Department if their tax liability is lower. Vault can advise on this.