CHANDAN MITTAL
21 April 2025 at 13:46

26QB last installment Query

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.


Ashish Kumar Pandey
21 April 2025 at 11:26

Domain Purchase-15CA & 15 CB

Dear Sir,

If a domestic company purchase a .Com domain from Godaddy.com LLC US.
Amount paid through Credit card of Rs. 22113/- to Godaddy

So, 15CA required or not for this transaction.


suresh
21 April 2025 at 10:26

IT RETURNS FILING PORTAL

i want last three years IT returns
I am unable to file IT returns for FY 2024-25(last financial year ending March 2025)
When will the Income tax portal open for Returns filing FOR AY 2025-26

Thanks and Regards
Suresh R


Deepa V
20 April 2025 at 19:06

TDS on advance amount paid to builder

Should I pay TDS on advance amount paid to builder before executing sale agreement on property purchase? The total value of the property is more than 50 lakhs. Also in the case of joint buyers and one seller if the total property value is 60 lac what is the total value of consideration to be entered in form 26qb for each of the buyer. Is it 60 lac in both form 26qb or 30 lac in each form.


San Gai

Hi Team,

If income is under Basic Exemption Limit one can submit Form 15G to avoid TDS on dividend given by a company if it crosses threshold.
As per Union Budget tax on RS 0 to RS 4 LAC is NIL. Does it mean 4 LAC is Basic Exemption Limit? or is it still 2.5 LAC?


Siddhartha Das
20 April 2025 at 12:53

26B Form submission

I submitted 26B form online for refund for excess Taxes paid. However, it's asking to submit documents to AO. How to submit that? It's says submit within 14 days. Can this be signed and emailed to AO? Or can it be uploaded some portal?


Manuj Mittal

does purchase of agricultural land need deduction of tds @1% if value over 50 lacs


Babita Sharma
20 April 2025 at 10:30

24Q Return Filling Error

I am getting below error, how to solve?
Amount reported as per section 192(2B), of other tax deducted at source or tax collected at source, other than (388)


Vinay Hirakki

Hello All,

I purchased an under construction flat in 2019 and paid stamp duty in December 2019 and got it registered to my name in 2019 itself but i received possession of that flat in 2025. So if i sell that flat in 2025, do i need to pay short term capital gains tax or long term capital gains tax


Uday Kumar

sir
i want to know that -- i am purchasing under construction flat and builder is asking Rs 60000/- for transformer of our building so want to know whether TDS to be deducted on Rs 60000/- thousand or not
Thanks





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