Filing of Form 26QB Forms in case of two parties

This query is : Resolved

ISHITA SHARMA (Querist)
Follow

19 July 2024 Hello Sir/Mam,

I have a query related to filing of 26qb forms. Me and my brother had purchased the house for 60 lacs and i have filed only one 26qb form in my name and deducted Rs. 60,000 TDS amount on the purchase value of 60lacs. However, am still confused whether i did it right or wrong. Pls explain if i missed anything or any non-compliance would give higher penalty ? Whether i had to file two 26qb forms for me and my brother showing the value of 30 lacs both. Pls reply am in trouble

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

19 July 2024 Technically, both purchasers should deducted TDS & filed two forms, but no penalty has been awarded for such mistakes till date.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

manojkumarkk

rajkumar yadav

C G K MURTHY

CA.Gopal Rathi

MAHESHA RAMANNA

Subscribe Now

Filing of Form 26QB Forms in case of two parties

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

Accountant

Manager- Finance and Compliance

Article Assistant

GST CONSULTANCY