Confusion around Form 26QB fields
This query is : Resolved
Quick Summary
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
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
25 November 2024
Use the same date as filed earlier.
For each buyer the sale consideration in this case would be 80 lakhs.
For each buyer the sale consideration in this case would be 80 lakhs.
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
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
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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