Published 27 Sep 2026 · Last reviewed 27 Sep 2026 · 1 min read
In short: For covered post-1-April-2026 property payments, use the current Form 141 workflow after verifying seller status and value.
Property-purchase TDS in 2026
For covered purchases from a resident seller, the buyer must deduct and deposit TDS when the statutory property-value test is met. The Income Tax portal says TDS is required when value exceeds ₹50 lakh and captures total consideration and stamp-duty value. Agricultural-land and other scope rules require checking.
Important 2026 form change
For credit or payment on or after 1 April 2026, the Income Tax Rules 2026 use common Form 141, Schedule B, for TDS on transfer of immovable property under the new framework. Transactions up to 31 March 2026 remain under the earlier Form 26QB framework for relevant filings and corrections.
Buyer steps
- Confirm seller residential status—NRI seller withholding is different.
- Determine total consideration and stamp-duty value.
- Deduct at each payment/credit as applicable, including instalments.
- File the correct form, pay on time and issue the prescribed certificate.
- Handle multiple buyers/sellers exactly as the current portal instructs.
Source
Income Tax Department — Form 141. Tax reviewer: [Name and credentials].
Frequently asked questions
Is Form 26QB still used after 1 April 2026?
The official transition guidance directs post-1-April-2026 covered events to Form 141; earlier transactions remain under the old framework.
Does TDS apply to an NRI seller the same way?
No. NRI seller withholding follows different provisions and needs professional calculation.
Does instalment payment avoid TDS?
No. Covered instalments require appropriate deduction and reporting.
TDS on Property Purchase in 2026: Form 141 Guide
Last reviewed: September 2026 · We broker land in Delhi NCR, so treat anything about specific plots as a commercial interest. Verify title, approvals and measurement independently. See Disclaimer.
