How to reconcile buyers’ 26QB TDS credits
Match each buyer’s 1% TDS in your books against the credits in your tax statement every month, and chase the buyer, who alone can correct a wrong filing.
Tax
Tax guides for real-estate developers
TDS on property, buyers’ 26QB credits and GST on flats, written for a builder’s accounts team and checked against the Income-tax Act 2025 and CBIC notifications.
TDS on property under the Income-tax Act 2025
From 1 April 2026, TDS on a flat worth ₹50 lakh or more falls under s.393(1), Table Sl. 3(i), not s.194-IA. The rate is still 1%; Form 26QB is now Form 141.