Form 26QB & Buyers

Save Share

This query is : Resolved

Quick Summary

When a property is sold to multiple buyers, filing Form 26QB requires careful consideration of how to report the total property value and the amount paid. The consensus is that both the 'Total Value of Consideration' and the 'Total Amount Paid/Credited' should be divided equally between the buyers on each respective Form 26QB. This approach helps avoid discrepancies with tax authorities who might otherwise interpret the total sale value as double the actual amount.

Suraj

Suraj (Querist)

10 October 2025 Dear Sir / Madam,

Mr A sold a flat to Mr B & Mrs B for Rs. 1 Cr. Since there are 2 buyers, two Form 26QB are required to be filed.

There are two fields in Form 26QB
1) Total Value of Consideration (Property Value)
2) Total Amount Paid/ Credited to seller

What values to be mentioned for the above fields in case of each buyer?
Is it
1) In the first field - 1 Cr for each buyer or Rs. 50 lakhs for each buyer?
2) In the second field - Rs. 50 lakhs in each Form 26QB - right?

Kindly guide.
Thanks & Regards,
Suraj

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

10 October 2025 Theoretically it is correct, but it has been noticed that the department is sending the notice to seller stating that the sell value is 2 crs while return filed for 1 Cr.
So, practically that should also be divided as per number of buyers.

Suraj

Suraj (Querist)

11 October 2025 Sir, that means I have to divide Total Value of Consideration (Property Value) between Two buyers i.e. 50 lakhs each, even though I will be mentioning Amount paid/credited as 50 lakhs each.... Am I right?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

11 October 2025 Yes, correct....

Message likes : 1 times

Suraj

Suraj (Querist)

11 October 2025 Thank You Rambhia Sir!!!!!

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

11 October 2025 You are welcome.

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