Form 26QB status showing partially consumed

Dear Client,
Section 194IA of the Income Tax Act, 1961 prescribes that a buyer of immovable property that costs more than Rs. 50 lakhs is required to deduct TDS @ 1% on the value of the property while paying the seller/builder. TDS on property must be paid on the full amount of the sale and not only the sum above Rs.50 lakh. For instance, if you buy a property with a value of Rs. 80 lakhs, TDS will be calculated on Rs. 80 lakhs and not Rs. 30 lakhs. For payments made in installments, TDS will be deducted on each installment. If the buyer does not obtain the seller's PAN, the rate of TDS rises to 20% of the property value. The TDS on the immovable property must be deposited with the Income Tax Authority using Form 26QB within 30 days from the end of the month when the TDS was deducted. Post deposit of TDS, the buyer is required to obtain Form 16B and issue the form to the seller. You would appreciate that Income Tax is a branch of law or legislation that eventually comes under the arena of Chartered Accountants and Tax Consultants, who have expertise and in-depth knowledge on the subject and may guide you properly to navigate the issue in the right way. Hence, you are requested to consult with the said professionals for more clarification and steps.