Clarification

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This query is : Resolved

abhimanyu (Querist)

04 April 2018 When a property is purchased, first Agreement to Sell is entered into between the seller and the buyer and after full payment, Sale Deed is Entered. In the case of property of above Rs. 50 lakh TDS @ 1% is deducted by the buyer, which is to be deposited in Form 26QB under the Income Tax Act.

Suppose an Agreement to Sell is entered into on 1st March, 2018 and Sale Deed is entered into on 1st April, 2018. In the above mentioned Form 26QB, under the Heading "Property Details" there is a column "Date of Agreement/Booking".Here, it may be .clarified, while filing Form 26QB, which date will be entered against this Column "Date of Agreement/Booking" - whether 1st March, 2018 when Agreement to Sell was entered or 1st April, 2018 when Sale Deed is entered.

CA Ashish Agrawal

CA Ashish Agrawal (Expert)

05 April 2018 Ideally Date of Agreement i.e. 01.03.2018 shall be entered.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

06 April 2018 O.K, but take care not to loose interest in view of first para of the query read along
with CBDT notification no. 30/2016 dated April 29, 2016.

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