Clarification on form 26qb


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Querist : Anonymous

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Querist : Anonymous (Querist)
11 December 2017
Property Agreement value : 60 lac
Demanded by builder : 30 % (ie 18 lac)

Registration of property has been done on 18 Nov 2017 : with paying an amount of 9 lac thousand .
Rest amount will be paid by bank say 9 lac before 15 Dec 2017

This is under construction property so will be paying TDS in installment .

So am i supposed to pay two times over here -- one for the amount paid on Nov 18 and another when bank releases the said amount .
Can i club both amounts and pay TDS after 15 Dec 2017 , if yes what date should i enter in Date of payment/credit (Date of payment to the transferror/seller) And also what will be the date of tax deduction ?

Value of property is > 50 lac



11 December 2017 Filing of form 26QB arises only in cases wherein the consideration in the registration document > Rs. 50 lakhs among other conditions.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 December 2017 Yes its greater than > 50 lac .. As i said its under construction property - mumbai

30 September 2021 TDS to be deducted over each installment; it cannot be clubbed.


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