Form 26QB filing from own IT portal account or wife's IT portal account?


This query is : Resolved 

Quick Summary
This discussion clarifies who should file Form 26QB when a husband makes the payment for a property purchased in his wife's name. The consensus is that the wife, as the property owner, should file Form 26QB. If the tax department queries the source of funds, she can state it was a gift from her husband. The thread also briefly touches upon the requirement for individuals without business income to file balance sheets and profit & loss accounts, with the advice that it's not necessary in such cases.

31 October 2023 Hi Experts, If wife buys a plot on her own name but the cheque payment to builder was was paid by husband. Then will wife file the 26QB (1% TDS) or will Husabnd has to file the same?

31 October 2023 An Individual having Income form all heads of income other than from Business and Profession does he require to file Balance Sheet and Profit and Loss account. for all the investments and incomes


31 October 2023 Lokesh.

Wife has to file 26QB.

31 October 2023 Anjana Shelar.

No need to file balance sheet and profit and loss account in such a case.

31 October 2023 Thank you sir, If Wife files Form 26 QB, then will IT dept send notice to her asking source of income, as she is non working

31 October 2023 She can say source is gift from husband.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details