Confusion around Form 26QB fields

This query is : Resolved

Monty Singh (Querist)
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24 November 2024 Hello!

Me and my wife purchased an under construction property on September 7 2024 and are paying installments

So far, the installments have been for
September ( TDS paid )
October ( TDS not paid )
November ( TDS not paid )

On November 17, we registered our property

I'm paying the TDS for October today. In that case, what should I enter in the date of booking/agreement while submitting the Form 26QB?

Prior to registration, I have been using the Booking date of September 7

Secondly, since there are multiple buyers involved, what should be the value in the Total sale consideration value? The property is for 1.6cr, so should it be 1.6cr each or 80L each? I have been getting different responses from different CA's

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 November 2024 Use the same date as filed earlier.
For each buyer the sale consideration in this case would be 80 lakhs.

Monty Singh

Monty Singh (Querist)
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25 November 2024 Thanks Dhirajlal ! So subsequent TDS of newer installment must use the transfer/registration date of November 17 correct?

Regarding total value, I have done a mistake in my first form 26qb. As a nri, what are my options to correct this? Online it says DSC is not applicable for NRI. Travelling all the way to India to physically meet the AO is also a challenge at the moment

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 November 2024 Rectification of Form 26QB is done online; no need of personal visit. Still if it needed, it can be done by any skilled professional.

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