FORM 26QB - Date of payment and Date of credit to seller

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Praveen Kumar (Querist)
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02 May 2024 Could someone please tell for the Form 26QB which is filled for property over 50 Lak, there is a field "Date of Payment / Credit made to seller".

what is the difference between Date of payment and Date of credit to seller ?

Is it something like say for example, I place an NEFT transfer request with my bank to pay installment to builder at May 01 11 PM IST and amount gets deducted from my account but it gets credited to builder account say on May 02, 01 AM IST , then Date of Payment will be May 01 but date of credit will be May 02 and then for this field any of these May 01 or May 02 are correct to fill in or what exactly should be filled in ? Please confirm. Thanks.

CA. Bhavik P. Chudasama

CA. Bhavik P. Chudasama (Expert)
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02 May 2024 as per accounting , your credit date will be 1st May but date payment will be 2nd May, since the Dates will be in same month you can consider any 1 of the day for Form 26QB

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Praveen Kumar

Praveen Kumar (Querist)
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02 May 2024 Thanks Sir but somehow for my case I made the NEFT request on Apr 30 and it got into accounts of seller on May 1, based on your reply , now the months are different, so please advise whether both Apr 30 & May 1 are ok, or only Apr 30 or only May 1 should be filled in ?

CA. Bhavik P. Chudasama

CA. Bhavik P. Chudasama (Expert)
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02 May 2024 Considerign Date of Credit - 30th April & Date of Payment 01st May whichever is earlier, so I would suggest to go with 30th April

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