26QB last installment Query
This query is : Resolved
Quick Summary
CHANDAN MITTAL
(Querist)
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.
Dhirajlal Rambhia
(Expert)
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.
CHANDAN MITTAL
(Querist)
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
Dhirajlal Rambhia
(Expert)
21 April 2025
Yes, it should indeed be last payment. If you can alter the autofill tab manually, you may proceed; otherwise contact helpline.
Dhirajlal Rambhia
(Expert)
28 September 2025
Good luck.....
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