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Abhay Kamath
21 April 2024 at 12:01

26QB for 2 buyers and 1 seller

Can someone help with below query?

Property 1 (Flat):
Sale value = Rs. 1.7 crore
Buyer = 2 people (equally split)
Seller = 1 person

While filling out 26QB for each buyer, what is to be filled for:
1. Total Value of Consideration (Property Value) = Rs. 1.7 crore or 85 lakhs or some other value?
2. Amount paid/credited currently = Rs. 1.7 crore or 85 lakhs or some other value?
3. Total stamp duty value of the property = Rs. 1.7 crore or 85 lakhs or some other value?

All property amount has been paid to seller. For TDS part, we 2 buyers have already paid Rs. 85,000 each from our own 26QB PANs to sellers. But we both have received notice of "short deduction". Can someone please help with correct values for 1, 2 and 3?

Thanks in advance


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21 April 2024 at 01:12

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19 April 2024 at 10:44

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