Obtain the seller’s PAN and property details
Deduct TDS at 1% of the sale consideration if the property value is Rs. 50 lakh or more
Fill Form 26QB online on the Income Tax e-filing portal
Enter buyer and seller details, property details, and payment amount
Select the payment mode and pay the TDS online
Save the challan and acknowledgment after payment
Download Form 16B from the TRACES portal after TDS is deposited
Provide Form 16B to the seller as TDS certificate
Ensure TDS is paid within 30 days from the end of the month in which deduction is made