26QB Filling

This query is : Resolved

Dibyendu Majumder (Querist)
Follow

18 July 2022 A land was purchased by 5 no.s of the company from 8 nos of landowners, total land value INR 1core 60 lakh- & Market value INR 1 Crore 90 lakh, TDS U/s 194IA deducted at the time of payment of the land cost
1) Are each of the companies required to fill filled 26QB, from 8 nos landlord separately, total 26QB of all companies 8 Nos X5 =40 Nos 26QB required to be filled? as there is more than one buyer & more than one seller of a single land.
2) Is Set forth property value 1 Crore 60 Lakh & Market Value 1 Crose 90 Lakh need to be mentioned in all 26QB of all companies or proportionate property value 1 Crose 60 Lakh/5 & Proportionate market value I crore 90 lakh/5 need to be mentioned in Property & market value field at the time of 26QB filling ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

18 July 2022 1. Correct 40 nos. of form 26QB are to be filled.
2. No division of property value by different purchasers, when single sale deed is made. Declare total cost of full land.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

tpksathyan narayanan

S D Kannan

ASIM ATREY AND ASSOCIATES

Tanishka Khandelwal

Vimlesh kumar

Subscribe Now

26QB Filling

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA