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FORM 26QB IN CASE OF JOINT BUYER

This query is : Resolved 
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(Querist)
14 October 2023 A property is being jointly purchased by two brothers Mr A & Mr B for Rs 60 Lakh.
Both the buyers will contribute 50% (i.e 30 Lakh) each.


Will they have to file Form 26QB ??
As their individual share (Rs 30 lakh) is less than the threshold limit of Rs 50 Lakh.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 October 2023 Yes, as the property value is more than 50 lacs.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 October 2023 https://www.caclubindia.com/experts/filing-26qb-in-case-of-two-buyers-2896614.asp
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