Challan 26QB
This query is : Resolved
19 June 2023
I purchased an immovable property the value of which is more than 50 lakhs. All payment is done by me (from my savings) and from my bank account. I make my spouse my co-owner and therefore the property will be registered in the name of both. My spouse is housewife and does not have any source of income. My confusion is whether I have to file two 26QB for myself and my spouse or only one 26QB in my name ?
Next if I have to file only one 26QB in my name then how I will answer the question "Whether more than one buyer - Yes/No" while filing 26QB?
Please suggest and thanks ...
Next if I have to file only one 26QB in my name then how I will answer the question "Whether more than one buyer - Yes/No" while filing 26QB?
Please suggest and thanks ...
19 June 2023
The Form 26QB challan has to be filled by each buyer.
Say yes.
Say yes.
19 June 2023
Sir, that means I have to file two 26QB for myself and my spouse. As I mentioned earlier my spouse does not pay any amount ; all consideration is paid by me. Then what amount I put in my spouse 26QB ? is it 50% of total consideration ?
Next do IT department will ask where my spouse got money to buy the property ?
Please suggest , thanks .
Next do IT department will ask where my spouse got money to buy the property ?
Please suggest , thanks .
19 June 2023
Yes, it's 50% of total consideration.
Say you gifted the money to her.
Say you gifted the money to her.
19 June 2023
Thank you CA Seetharaman Sir.
19 June 2023
You are welcome...
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