Guide for making TDS payments

u/s. 194IA.
DOCUMENT CREATED BY JAYABHERI PROPERTIES PVT LTD FOR THE BENEFIT OF PROPERTY BUYERS
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Change in payment procedure by statutory authority

All Direct tax payments facility have been migrated from OLTAS 'e-
payment: Pay Taxes Online' to e-Pay Tax facility of E-Filing portal.
Accordingly, all users are advised to navigate to 'e-Pay Tax' portal of
Income Tax Department on https://www.incometax.gov.in/ to make direct
tax payments. This change is with effect from 01.04.2023.
Additionally, Payment of TDS on sale of property in Form-26QB can be
made only post user login in the said income tax portal.

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Change in Direct Tax Payment Procedure by Statutory Authority

Due to this change by the statutory authorities, we hereby inform to all our dear
property buyers to follow the instructions as detailed in this presentation to make
payments in a fully compliant manner and ensure smooth and hassle free
purchase of property. Always remember that, you need to remit TDS along with
the payment to Jayabheri Properties Private Limited.
(Statutory due date for remitting the TDS u/s. 194IA is with-in 30 days of the
subsequent month. Late payment post the 30 days of subsequent month, a late
fee and interest @ 18% is levied by the department.)

Kindly send us the challan and Form-26QB for our due reconciliation records.
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Latest Demand Note from Jayabheri and details of
payment made in respect of the same
Before you even start
thinking about making Cost Sheet & Agreement of Sale (if available)
payment online keep
these data/documents Your Income Tax portal logins Credentials
readily available with you
which will be required for Your updated communication details if any (Address,
making the TDS payment Mobile Number & Email) on IT Portal
successfully.
Your Internet Banking portal logins

Caution: Save the online form every few minutes as a

back-up measure

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Open the income tax website (i.e. https://www.incometax.gov.in/)
and login with your user ID & Password.

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Post login, navigate to e-File and then e-pay tax at the top Left

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Create a New Payment

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Navigate to 26QB (TDS on sale of property) and click on proceed

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Select Residential Status of the Seller as – “RESIDENT”

Ensure the other prefilled personal, communication details are correct.

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More than one buyer?

Select “YES” only in case if you are a

joint purchaser else, “NO”.
Please ensure to fill another Form 26QB
(in the IT portal of respective co-buyer)
for co-buyer share if you are selecting YES
in this option.

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Enter the details of seller of the property i.e details of Jayabheri
Properties Private Limited

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Enter the details of seller of the property i.e details of Jayabheri
Properties Private Limited

Please ensure to fill exactly in the

displayed manner.
Once done, Click on proceed button
at the bottom to move to next screen
and Enter the details of property
purchased

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Enter the details of property purchased

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Enter the details of property purchased

Particulars Jayabheri The Nirvana Jayabheri The Sahasra

Flat / Door / Building JTN _______ JTSA _______

Road / Street / Block / Sector Sy No. 62 to 65, 725 & 73 Sy No. 76,77 & 78

PIN Code 500075 500075

Post Office Gopannapalli Gopannapalli

Area/Locality Serilingampalli, RR District Serilingampalli, RR District

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Enter the details of property purchased

Date of Agreement/Booking – As per your Cost Sheet/Agreement of Sale

Total Value of Consideration (Property Value) - As per your Cost Sheet/Agreement of Sale
Date of Payment/ Credit made to Seller – Date of payment for which the TDS payment is being made
Date of Deduction – Same data as above (payment date)
Payment type – Instalments. In case you have made one time payment for the full value of property,
then only select – lumpsum.
Whether it is last instalment – Select “YES” only when this is the last payment made for the purchase of
property. Else, always select “NO”.
Whether stamp duty value is higher than sale consideration ? This is required to be filled only in case
where payment type is selected as “lumpsum” or this payment is the last payment towards purchase of
property. Always the option to be selected under this is “NO”.
Totalamount paid/ credited in previous instalments, if any (A) - please check this data from the Demand
Note and fill up.
Amount paid/credited currently (B) – Gross Amount as per the demand note, i.e. amount before GST
and before TDS deduction. Be cautious and fill only the share of payment for each co-buyer in case of
joint payment.

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Tax Deposit Details

Only Interest and Late Fee u/s. 234E is to be filled and rest of the info will be prefilled by
system itself. Verify the prefilled TDS payable amounts and ensure that they are
matching with the demand note.
Interest:

• 1% interest every month for delay starting from the date on which the deduction was
scheduled.
• 1.5% interest for late payment of tax to the government from the date on which the
payment was scheduled.
Late Fee:
• Late Fees of Rs. 200 per day is to be paid for a delay in filing the statement of TDS. Late
Fee penalty will be lower of the total TDS liability or the number of days delayed
multiplied by Rs. 200.
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Click on “Proceed” at the In the final screen, preview will

bottom and select your appear, kindly verify all the
banker. data and proceed to make
payment by selecting “Pay
Proceeding to bank Click on “Confirm”. Now”.

page and making

payment using your
internet banking
credentials Ensure you have saved the Accept the terms & conditions
and click on “Submit to Bank”
draft form adequately, take
your time to confirm the Make the payment in Bank’s
contents of preview. website

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Records and
communication Save the transaction Email the files to
details, challan copy, shivakumar@jayabherigroup.in
Form-26QB copy and
kindly share the same and
to Jayabheri team. sa-manager@jayabherigroup.in

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We want you to have a You may visit our Sales

pleasant and hassle-free office in case you have
payment experience with troubles in making use of
the support of this this document and
document! paying the TDS online.

How and when to

contact us?
If in case you are not
having any of the
You may also email us if referred pre-requisite
necessary, and we will documents, you may get
respond adequately. in touch with the sales
office and obtain the
same

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We thank you for understanding the change and co-operating in
complying to the same.

 Sales Office:
Jayabheri The Nirvana,
Plot No. 1 & 2, Gowlidoddi,
Financial Dist., Gachibowli, Hyderabad.
 Corporate Office:
Plot No.1, Jayabheri Enclave,
Adj. to Botanical Gardens, Gachibowli,
Hyderabad-500032

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