26qb

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2017 Dear Sir,
We have purchased a property say for Rs. 60 Lacs as Joint owner (1 Seller 2 buyer) . So as per my understanding we have to file separate form 26QB ( 2 form 26QB) for each joint buyer.
1) I just want to confirm while filling form 26QB for both the buyer we have to mention property value for buyer A rs. 60L & for buyer B rs.60L.
2) As Rs. 15 lacs is paid from A's bank a/s & balance 45 lacs is financed by bank in joint name however they are owner in 50:50 ratio. so in amount paid column should we mention 30Lacs for A & Rs. 30 Lacs for B ? please confirm.

Thanks

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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26 October 2017 Yes sales consideration to be shown 60 lakhs, you have to make yes for more than one buyer, amount of payment can be shown 30 Lakhs and deduct Rs.30000/- each

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