Article -> Article Details
| Title | The One TDS Mistake That Can Freeze Your Property Sale and Cost You Thousands in Penalties |
|---|---|
| Category | Real Estate --> For Sale |
| Meta Keywords | real estate, Property management |
| Owner | Auction dunia |
| Description | |
| Finally found a buyer for your flat. Price agreed, sale deed ready, registration slot booked. Everything perfect. Then the sub-registrar refuses to register the deed because Form 26QB is not filed and TDS not paid. Buyer panics, deal falls through, you lose months and sometimes even the buyer. This happens every single day across India because most people have no idea that when you sell a property for more than ₹50 lakh you MUST deduct 1% TDS from the sale amount and deposit it with the income tax department within 30 days of the month-end. And it has to be done through Form 26QB – even if the buyer is paying you 100% by bank transfer. Miss the deadline and you get hit with 1-1.5% monthly interest + ₹200 per day penalty. Plus the registrar won’t accept your sale deed without the 26QB challan and certificate. I’ve seen sellers pay ₹80,000-₹1.5 lakh extra just in interest because they filed 6-8 months late after the deal got stuck. Even worse – many chartered accountants refuse to file 26QB because it requires buyer and seller PAN, Aadhaar linking, exact payment dates and amounts. One small mistake and the form gets rejected. Then you have to revise, pay late fees, and beg the registrar for condonation. Auction buyers who later resell also get trapped. They think “I bought from bank, no TDS was deducted from me, so I don’t need to deduct now.” Wrong. Every sale above ₹50 lakh triggers fresh 26QB – no exceptions. Doing it yourself on the TRACES website sounds easy until you realise:
That’s exactly why we launched Form 26QB Filing service at AuctionDunia. We have filed more than 1,800+ Form 26QBs for property sellers (including hundreds of auction winners who resold) across every state in India. Zero rejections, zero delays in the last two years. Here’s what we do for you in 24-48 hours flat:
Recent case: A client in Mumbai was selling his bank-auction flat for ₹1.05 crore. His CA filed 26QB with wrong payment dates. Registrar rejected. We refiled correctly, got 16B issued, and saved the deal on the very next registration slot. Client avoided ₹98,000 interest + deal collapse. Don’t let a simple TDS form kill your property sale and invite income tax notices for years. Visit https://auctiondunia.com/services/form-26qb-filing right now, upload your sale deed draft or agreement, and get your 26QB filed + 16B certificate in your inbox before your registration date. Because the smoothest property deals are the ones where TDS never becomes a roadblock. Since 2013, every property sale above ₹50 lakh requires the buyer to deduct 1% TDS and file Form 26QB online within 30 days. No exceptions – resale, auction resale, gift, anything. Miss it and you pay 1.5% monthly interest + ₹200/day penalty. The registrar will simply reject your deed without the 26QB challan and Form 16B certificate. You found a buyer for your flat. Price fixed, sale deed drafted, registration date booked. Everything looks perfect. Then the sub-registrar says “No 26QB, no registration.” Deal collapses. Buyer walks away. You lose months and sometimes the entire sale. Most CAs hate filing 26QB because one wrong digit in PAN, payment date, or property address means rejection. Sellers end up running around for weeks. Auction winners who resell get extra shock – they think bank sales are exempt. They’re not. Fresh TDS applies every time.
We at AuctionDunia file 26QB the same day or next day for hundreds of sellers every month. You send the deed copy and PANs, we handle everything and deliver Form 16B before your registration slot. Zero stress, zero delays. | |
