Form 26QB & Buyers
This query is : Resolved
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
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
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.
So, practically that should also be divided as per number of buyers.
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?
11 October 2025
Yes, correct....
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11 October 2025
You are welcome.
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