Question 1

How do I pay TDS using challan 281?

Accepted Answer

PAN of the seller and of the purchaser / buyer - 'should be mandatorily furnished'; one challan-cum-statement per unique buyer-seller combination, and for multiple sellers the name, PAN and proportionate share of each (Income-tax Act 1961, section 194-IA, Form 26QB - now Income-tax Act 2025, section 393(1), Form 141 Schedule B); Complete address of the property transferred or proposed to be transferred (Form 141 Schedule B (e-filing user manual)); Date on which the property agreement was executed (Form 141 Schedule B (e-filing user manual)); Total consideration / sale value of the property and the stamp duty value as per the agreement - TDS is deducted on 'Amount Paid/Credit' or 'Total Stamp duty value of the Property' whichever is higher (Form 141 Schedule B (e-filing user manual); TRACES 26QB FAQ Q4); Payment terms - lump sum or instalments - and the amount and date of each payment or credit, with the TDS rate applied (Form 141 Schedule B (e-filing user manual)); Buyer's active PAN registered on the e-filing portal (Form 141 'can be filed only through PAN login'), Aadhaar-linked if an individual (recommended) (Form 141 user manual - prerequisites); After payment: Form 16B, downloaded from TRACES and issued to the seller (TRACES 26QB FAQ Q3: 'Download form 16B from TRACES portal and issue it to the seller')

Question 2

Documents required for Tax Filing & Returns

Accepted Answer

Account of inward and outward supply of goods or services - the sales and purchase registers for the period (CGST Act 2017 s.35(1)(b); CGST Rules 2017 rule 56); The relevant documents behind those supplies - invoices, bills of supply, delivery challans, credit notes, debit notes, receipt vouchers, payment vouchers, refund vouchers and e-way bills (CGST Rules 2017 rule 56(1)); Account of input tax credit availed, with the register of tax invoices and credit and debit notes on which it is claimed (CGST Act 2017 s.35(1)(d); CGST Rules 2017 rule 56(4)); Account of output tax payable and paid - tax collected and paid, input tax and input tax credit claimed (CGST Act 2017 s.35(1)(e); CGST Rules 2017 rule 56(4)); Stock account for each commodity, showing opening balance, receipt, supply, and goods lost, stolen, destroyed, written off or disposed of by way of gift or free sample (not required of a composition taxpayer under s.10) (CGST Act 2017 s.35(1)(c); CGST Rules 2017 rule 56(2)); Account of production or manufacture of goods, for a manufacturer (CGST Act 2017 s.35(1)(a)); Separate account of advances received, paid and the adjustments made to them (CGST Rules 2017 rule 56(3)); Particulars of the names and complete addresses of suppliers and of recipients, and the complete address of every premises where goods are stored, with the stock held there (CGST Rules 2017 rule 56(5)); Account of goods or services imported or exported, and of supplies attracting tax on reverse charge (CGST Rules 2017 rule 56(1)); Payroll and vendor payment records for the period, showing tax deducted at source and the challans by which it was deposited, for the quarterly TDS statements (Income-tax TDS return obligation - not sourced from a rendered government page in this pass; see note)

Question 3

Quarterly TDS Returns (24Q, 26Q, 27Q)

Accepted Answer

The quarterly statements of everything you withheld.

How do I pay TDS using challan 281?

Documents required for TDS on Property (Form 26QB)

Documents required for Tax Filing & Returns

Quarterly TDS Returns (24Q, 26Q, 27Q)

TDS on Property (Form 26QB)

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