26QB Form - TDS

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This discussion clarifies how to correctly fill out the 26QB form for Tax Deducted at Source (TDS) on property purchases. It addresses questions about calculating the total property value based on buyer contributions and how to handle stamp duty when it's lower than the sale consideration. The advice confirms that if the stamp duty value is less than or equal to the property's consideration, you can proceed with the TDS payment without making corrections, even if a warning message appears.

Jigar Morbia

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?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

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.

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Jigar Morbia

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?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

11 February 2025 In that case proceed without considering the warning message.

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Jigar Morbia

Jigar Morbia (Querist)

12 February 2025 Thank you once again Dhiraj sir for your response... This helps me submitting TDS :)

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

12 February 2025 You are welcome.

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