26QB last installment Query
This query is : Resolved
Quick Summary
21 April 2025
Hi,
This question is w.r.t Final payment of TDS for property sale.
This is for 1 buyer and 1 seller.
Total Value of Consideration (Property Value) - 1,00,00,000 INR
Total amount paid/ credited in previous installments, if any (A) - 60,00,000 INR
Amount paid/credited currently (B) - 40,00,000 INR
Total stamp duty value of the property (C) - 1,00,00,000
Amount on which TDS to be deducted (D) is directly getting calculated at - 1,00,00,000 INR.
Ideally, since it is last installment, amount on which TDS to be deducted needs to be visible as 40,00,000 INR. However, it is showing 1,00,00,000.
Even, as I checked with other's Queries to change amount of C at 40,00,000 but it does not work it is calculating Total of A and B.
Kindly help and update what needs to be filled in A, B & C so that I pay TDS of 1% on 40,00,000 INR only.
This question is w.r.t Final payment of TDS for property sale.
This is for 1 buyer and 1 seller.
Total Value of Consideration (Property Value) - 1,00,00,000 INR
Total amount paid/ credited in previous installments, if any (A) - 60,00,000 INR
Amount paid/credited currently (B) - 40,00,000 INR
Total stamp duty value of the property (C) - 1,00,00,000
Amount on which TDS to be deducted (D) is directly getting calculated at - 1,00,00,000 INR.
Ideally, since it is last installment, amount on which TDS to be deducted needs to be visible as 40,00,000 INR. However, it is showing 1,00,00,000.
Even, as I checked with other's Queries to change amount of C at 40,00,000 but it does not work it is calculating Total of A and B.
Kindly help and update what needs to be filled in A, B & C so that I pay TDS of 1% on 40,00,000 INR only.
21 April 2025
It is a defect in the utility (for payment of last installment. Some person has suggested it to consider as new payment; but It would be better to file grievance with TRACES.
21 April 2025
Please give Suggestion
Can we not consider it as last installment leaving 10 Rs. Pending
I think it is better than considering it a fresh payment
Can we not consider it as last installment leaving 10 Rs. Pending
I think it is better than considering it a fresh payment
21 April 2025
Yes, it should indeed be last payment. If you can alter the autofill tab manually, you may proceed; otherwise contact helpline.
28 September 2025
Good luck.....
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