Featured Post

Best Way to invest in Stock Market || How to invest and earn from an IPO? Earn Income in just 7 Days

Image
Stock Market: One of the largest place in India and throughout the world where people invest their amount and earn good profits in short time as well as also invest for the Long Term Profits. Stock Market is the place where you can earn more the the invested amount in just a day. But stock market is the place which is full of risk. The Lack of knowledge can give you the loss which may needs to payback for the entire life also. So, if you are thinking about to invest in Stock market and need a start-up Ides, then this article is for you. Read this full article where we have mentioned the safest method of investment with minimum risk from where you can earn more than 50% of profit in just 7-10 days. In Short: Stock Market is one of the best investment platform filled with uncertainties & opportunities The are many methods from were you can invest in Stock market such as: 1. Investment in Shares of Companies (Equity Markets, Future & Options & Currency Market) 2. Investment ...
6 comments

How to Download Form 26QB from TRACES ? How to Pay TDS under Section 26QB || How to Download Form against TDS Paid on Sale of Property

Whenever we Buy a Property worth Rs. 50 Lakhs or Above, we have to deduct the 1% of TDS (Rate for the Financial Year 2020-21 is 0.75%) from the Payment amount. TDS Always calculated on the Basic Vale of Property before Stamp Duty and other Municipal Charges. Then the Deducted amount needs to be deposited in the Govt.'s account mentioning the PAN Number of the Seller so that they can can claim the TDS credit at the time of ITR Filing. Form 26QB needs to file while making the TDS Payments on the Purchase of Property.


How to Pay TDS under section 26QB (Purchase of Property)?

1. visit TIN.NSDL Website.

2. Under the Services Menu on The Top go to "e-TDS/TCS Option"


3. Then a page will open. Find there "Pay Taxes Online" Menu and click on "Click to Pay Tax Online"

4. A new Tab will open where we can Pay almost all type of Government Taxes like: TDS, Income Tax, Advance Tax etc. Scroll Down and find "TDS on Property (26QB)" and Click on Proceed


5. Fill the Required Details like: Buyer PAN, Seller PAN, Tax Applicable Code, Financial Year, Residential status of Seller, Property Details, Seller & Buyer Address, Sale Consideration, Tax Amount etc. The Whole form consist 4 Parts (Taxpayer Information, Address, Property Details & Payment Information). After Filling the all required details just select the Bank from where you wants to make the payments. After Login with Internet Banking or Debit Card, just make the Payment and Save the Form for your future references.

But sometimes it may possible that you forgot to download the Form 26QB or you have downloaded but not saved in your records. Then you need to download the form again for your record Purpose.

How to Download Form 26QB from TRACES ?

Note: You will not be able to download Form 26QB from TRACES. Form 26QB is only be downloaded from TIN.NSDL Website from where we makes the TDS Payments. People always visit TRACES for all the queries related to TDS. You can download Form 16 and 16A from TRACES but for 26QB, you need to visit TIN.NSDL website to do so.

Process to Download form 26QB from TIN NSDL Website

(a) When you have the Acknowledgement Number of Form 26QB

1. visit TIN.NSDL Website.

2. Under the "Services" menu click on the "TDS on the sale of Property" on the Top Right Corner

3. A new Tab will open where scroll down and go to the Top Down Menu and Click on the "Print Form 26QB"

4. Then again a New Tab Will Open where you need to Fill the PAN of the Buyer, PAN of the Seller, Acknowledgement (Mentioned in the TOP of the Form 26QB when you have make the payments of TDS), Assessment Year on which you make the payment. After Filling above details, just enter the Captcha Code and Proceed.

5. This will Show you the 26QB form details from where you can download the form in just a Click

(b) When you Don't have the Acknowledgement Number of Form 26QB

1. visit TIN.NSDL Website.

2. Under the "Services" menu click on the "TDS on the sale of Property" on the Top Right Corner

3. A new Tab will open where scroll down and go to the Top Down Menu and Click on the "View Acknowledgement Number"

4. Then again a New Tab Will Open where you need to Fill the PAN of the Buyer, PAN of the Seller, Total amount of TDS (You can find this amount in your Books of Accounts or in Bank Statement or from the 26AS of the Seller), Assessment Year on which you make the payment. After Filling above details, just enter the Captcha Code and Proceed.

5. This will Show you the 26QB Acknowledgement Number from where you can Note Down the Acknowledgement Number of Form 26QB

6. Then Again visit TIN.NSDL Website.

7. Under the "Services" menu click on the "TDS on the sale of Property" on the Top Right Corner

8. A new Tab will open where scroll down and go to the Top Down Menu and Click on the "Print Form 26QB"

9. Then again a New Tab Will Open where you need to Fill the PAN of the Buyer, PAN of the Seller, Acknowledgement (Which you have received from the above process), Assessment Year on which you make the payment. After Filling above details, just enter the Captcha Code and Proceed.

10. This will Show you the 26QB form details from where you can download the form in just a Click

Hope you understand the Process
Share with your friends to spread the knowledge

Thank You
Team: Online Knowledge Zone

Comments

Post a Comment

Popular Posts

What is Digital Signature Certificate? How many types of Digital Signature Certificates are available in India? Types of Digital Signature Certificates in India

Image
As an accountant & Tax Consultant our team are well known about Digital Signature Certificates. Every Accountant, Directors of Company, Partnership Firms having GST Registration, Accountants etc. are well known about Digital Signature Certificate (in short, we call it DSC). But there are many people among us who don’t know about Digital Signature Certificates, what are the uses of DSC’s and Where we can use these. So, don’t worry, today we will introduce you about Digital Signature Certificates in detailed form. What is Digital Signature Certificate? Digital Signature Certificates are Signatures of individual person in electronic manner in the form of certain text file or in the form of token which can be use while signing online Documents or soft copies of files where you can’t sign physically. It is equally valid as physical signature. The Documents signed with Digital Signatures are also equally valid as documents shared in physical (paper) manner. What is the requirement of Dig...
Read more

Temporary Email IDs Explained: Privacy, Security & How They Work

Image
In today's hyper-connected world, our online presence is more extensive than ever. Every website, service, or forum we sign up for requires an email address, a digital identifier that grants access and potentially exposes us to unwanted communication. This is where temporary email IDs, also known as disposable email addresses, burner emails, or throwaway emails, come into play. These fleeting email addresses offer a layer of privacy and convenience in navigating the digital landscape. What are Temporary Email IDs? Temporary email IDs are essentially email addresses with a limited lifespan. Unlike traditional email accounts, they are not linked to a permanent identity and are designed for short-term use. These addresses are typically generated on-demand by online services and can be accessed for a predefined period, ranging from minutes to a few days. After this time, the address self-destructs, along with any emails received. Benefits of Temporary Email IDs: Temporary email IDs off...
Read more

What is Vanish Mode on Facebook Messenger & Instagram? How to Enable Vanish Mode on Instagram & Facebook Messenger

Image
After the Updation by Google on its Policies & Upgradations on Applications, Facebook is also updating some features on Facebook, Facebook Messenger & Whats App Facebook Started with Colorful theme in Messenger & Instagram, Emoji Like features in Chats & Chat Color Options. Facebook has already integrated all the features in both apps Then Facebook Introduced Payments features in Whats App for Indians Facebook is also working of Disappear Message Feature in Whats App in which the Selected message will disappear from Chats of Both Sender & Recipient after 7 Days. And Now: According to the sources the Facebook is planning to introduce Vanish Mode or Vanish Feature in Instagram & Facebook Messenger. Facebook has already announced about this. Vanish Mode is same as Disappear feature on Whats App (But there are a little differences). As per the source, Vanish mode in Instagram & Facebook Messenger will remove the messages or chats in Inbox for both Sender & R...
Read more