PRACTICAL GUIDE ON PAYMENT OF TDS ON PURCHASE OF PROPERTY AND OBTAINING FORM 16B, 26QB
I would like to run the readers through the TDS payment process and the steps to be taken to obtain Form 16B (for the deductor) and Form 26QB for the (deductee). Firstly one has to go to the following link: https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp · Once this link is opened click on Form 26QB (Payment of TDS on sale of property). · Select (0021) in case of non corporate payer and 0020 in case of corporate payer. · On filling in the various details called for in that form, click on ‘Proceed’ at the bottom of the page, this will then take you to the next page which will give you the option to select your bank. · Once you select the bank, then login using the normal online process for your bank. · ...