Filing of Form 26QB Forms in case of two parties
This query is : Resolved
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
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- LIC maturity claim whether taxable
- Journal entry of busniess expenses
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
