26QB Form - TDS
This query is : Resolved
Quick Summary
Jigar Morbia
(Querist)
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.
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Jigar Morbia
(Querist)
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.
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Jigar Morbia
(Querist)
12 February 2025
Thank you once again Dhiraj sir for your response... This helps me submitting TDS :)
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12 February 2025
You are welcome.
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