Diff between "total amount paid" and "amount on which TDS to be deducted" in 26QB.
This query is : Resolved
03 January 2026
Hi,
Curious, what's the difference between these two fields on 26QB
1. Total amount paid/Credited currently
2. Amount on which TDS to be deducted.
My guess is that the first one would be inclusive of GST, while the second one would be without GST?
Also, when paying instalments would the "Total Stamp Duty Value of the Property" be left empty?
Curious, what's the difference between these two fields on 26QB
1. Total amount paid/Credited currently
2. Amount on which TDS to be deducted.
My guess is that the first one would be inclusive of GST, while the second one would be without GST?
Also, when paying instalments would the "Total Stamp Duty Value of the Property" be left empty?
04 January 2026
Contrary to the assumption that these fields separate GST from non-GST amounts, both are typically expected to be exclusive of GST.
Total amount paid/Credited currently: This refers to the specific installment or lump-sum payment you are making to the seller right now. According to CBDT Circular No. 23/2017, if GST is shown separately on the invoice, TDS is calculated only on the basic value. Therefore, you should enter the current payment amount excluding GST here.
Amount on which TDS to be deducted: This is the taxable portion of the current payment. Under Section 194-IA, TDS must be deducted at 1% on the higher of the sale consideration or the stamp duty value. Like the field above, this should be the amount excluding GST.
Total amount paid/Credited currently: This refers to the specific installment or lump-sum payment you are making to the seller right now. According to CBDT Circular No. 23/2017, if GST is shown separately on the invoice, TDS is calculated only on the basic value. Therefore, you should enter the current payment amount excluding GST here.
Amount on which TDS to be deducted: This is the taxable portion of the current payment. Under Section 194-IA, TDS must be deducted at 1% on the higher of the sale consideration or the stamp duty value. Like the field above, this should be the amount excluding GST.
Message likes :
1 times
04 January 2026
Hi,
Thanks for your input. So in cases where the "stamp duty" value is the same as the "purchase value" or when paying "instalments" for the property, would the value in both these fields always be the same.
For e.g. if the property value is 1000 (without Taxes), payable in 10 instalements of 100 each and where 3 instalments have already been, then would the entries be as under when paying "instalments".
A. Total amount paid in previous instalements: 300
B. Total value of consideration: 1000
C. Total amount paid/credited currently: 100
D. Amount on which TDS to be deducted: 100
Thanks
Thanks for your input. So in cases where the "stamp duty" value is the same as the "purchase value" or when paying "instalments" for the property, would the value in both these fields always be the same.
For e.g. if the property value is 1000 (without Taxes), payable in 10 instalements of 100 each and where 3 instalments have already been, then would the entries be as under when paying "instalments".
A. Total amount paid in previous instalements: 300
B. Total value of consideration: 1000
C. Total amount paid/credited currently: 100
D. Amount on which TDS to be deducted: 100
Thanks
04 January 2026
YES. CORRECT...
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
