26GB FORM, LAST INSTALLMENT 1% TDS confusion and discrepancy

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This query is : Resolved

Quick Summary

A user is experiencing confusion while filling Form 26QB for the final installment of a property purchase. The system is incorrectly calculating TDS on the total property value instead of the current installment amount. The user believes TDS should only apply to the last payment, as it's the final installment. Guidance is sought to resolve this discrepancy, particularly regarding the values of Stamp Duty and current payment.

Deepak Kumar

Deepak Kumar (Querist)

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