26QB Form - TDS
This query is : Resolved
10 February 2025
I have registered the agreement and paid stamp duty @6% of total consideration = 8,10,000. There are two buyers with 95,00,000 and 40,00,000 contribution.
For First Buyer:
Question-1
"Total value of consideration (property value)" = 95,00,000 [ As per the contribution - Is this correct?]
Question-2
then "Amount paid/credited currently (B)" should be 95,00,000 or 94,05,000 (i.e. amount paid to seller after TDS deduction = 95,00,000 - 1% TDS = 94,05,000)
Question-3
Difference between "Amount paid/credited currently (B)" and "Total Stamp Duty Value of the Property (C)" is greater than 20% i.e. 20.32% and giving warning message. Should I proceed for TDS payment or make C = B?
For First Buyer:
Question-1
"Total value of consideration (property value)" = 95,00,000 [ As per the contribution - Is this correct?]
Question-2
then "Amount paid/credited currently (B)" should be 95,00,000 or 94,05,000 (i.e. amount paid to seller after TDS deduction = 95,00,000 - 1% TDS = 94,05,000)
Question-3
Difference between "Amount paid/credited currently (B)" and "Total Stamp Duty Value of the Property (C)" is greater than 20% i.e. 20.32% and giving warning message. Should I proceed for TDS payment or make C = B?
10 February 2025
1. Rs. 95 lakhs.
2. If stamp duty value is lesser (or equal to) Rs. 95 Lakhs, then proceed without the correction.
2. If stamp duty value is lesser (or equal to) Rs. 95 Lakhs, then proceed without the correction.
Message likes :
1 times
11 February 2025
Thank you Dhiraj sir for your prompt reply... I did not understand then 2nd one... Stamp Duty value is 7569000 which is lesser than 95 lakhs so in that case what correction I need to make?
11 February 2025
In that case proceed without considering the warning message.
Message likes :
1 times
12 February 2025
Thank you once again Dhiraj sir for your response... This helps me submitting TDS :)
Message likes :
1 times
12 February 2025
You are welcome.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- RULE 86B APPLICABILITY IN QRMP TAX PAYER
- Regarding appeal to GSTAT
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
