26GB FORM, LAST INSTALLMENT 1% TDS confusion and discrepancy
This query is : Resolved
27 May 2025
Hi Team,
I need your assistance with a TDS calculation issue while filling Form 26QB.
Here are the details:
Date of Agreement/Booking: 30-Oct-2023
Total Value of Consideration (Property Value): ₹12,847,730
Date of Payment/Credit Made to Seller: 26-May-2025
Date of Deduction: 26-May-2025
Payment Type: Installment
Is this the last installment? Yes
Whether stamp duty value is higher than sale consideration? No
Total Amount Paid/Credited in Previous Installments (A): ₹1,22,05,343
Amount Paid/Credited Currently (B): ₹6,42,387
Total Stamp Duty Value of the Property (C): ₹12,847,730
However, the system is calculating the TDS as ₹12,848, instead of ₹6,424, which is 1% of the current installment amount (₹6,42,387).
Since this is the last installment, I believe the TDS should apply only to the current payment, not the entire property value again.
Could you please look into this discrepancy and guide me on how to proceed?
Regards,
Deepak
I need your assistance with a TDS calculation issue while filling Form 26QB.
Here are the details:
Date of Agreement/Booking: 30-Oct-2023
Total Value of Consideration (Property Value): ₹12,847,730
Date of Payment/Credit Made to Seller: 26-May-2025
Date of Deduction: 26-May-2025
Payment Type: Installment
Is this the last installment? Yes
Whether stamp duty value is higher than sale consideration? No
Total Amount Paid/Credited in Previous Installments (A): ₹1,22,05,343
Amount Paid/Credited Currently (B): ₹6,42,387
Total Stamp Duty Value of the Property (C): ₹12,847,730
However, the system is calculating the TDS as ₹12,848, instead of ₹6,424, which is 1% of the current installment amount (₹6,42,387).
Since this is the last installment, I believe the TDS should apply only to the current payment, not the entire property value again.
Could you please look into this discrepancy and guide me on how to proceed?
Regards,
Deepak
28 May 2025
Values of C & B should be same. (₹6,42,387)
28 September 2025
Good luck.....
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