form 26QB filing Bangalore | Auction dunia
Form 26QB filing is a mandatory compliance requirement for buyers of immovable property in India when the property value exceeds ₹50 lakhs. In Bangalore, where real estate transactions are frequent and high-value, timely and accurate Form 26QB filing is essential to avoid penalties and interest. Form 26QB is used to report TDS deducted under Section 194-IA of the Income Tax Act, where the buyer must deduct 1% TDS from the total sale consideration and deposit it with the Income Tax Department.