FORM 26QB
This query is : Resolved
20 August 2022
while filing the Form26qb in case of joint buyers, what should be value in box where "total value of consideration(property value)"? Whether it should be complete value of property or only the share of the buyer?
Example:- if property have is 1.2Cr and 50% share for 2 buyers, what should be value in "total value of consideration(property value)"
Example:- if property have is 1.2Cr and 50% share for 2 buyers, what should be value in "total value of consideration(property value)"
20 August 2022
The agreement value of the property.
In the example... Rs. 1.20 Crs.
In the example... Rs. 1.20 Crs.
Message likes :
1 times
20 August 2022
1.Thanks for the clarification.
2. Follow on doubt:- when we do like aforesaid, AIS of the seller is reflecting double the amount i.e., as per the example 2.40Cr. Should I consider this as system error?
2. Follow on doubt:- when we do like aforesaid, AIS of the seller is reflecting double the amount i.e., as per the example 2.40Cr. Should I consider this as system error?
20 August 2022
You have to clarify in column ... Whether more than one transferee/payer/buyer (Yes/No).
After that the consideration will be as per the the trasferee's share..
After that the consideration will be as per the the trasferee's share..
20 August 2022
The form has changed on 21.06.2022, where by the total value of the property has been deleted. & only Total value of consideration has remained. So, each transferee/payee in the example need to fill only the amount payable by him/her.
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