FORM 26QB IN CASE OF JOINT BUYER
This query is : Resolved
Quick Summary
rajesh behl
(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.
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.
CA R SEETHARAMAN
(Expert)
14 October 2023
Yes, as the property value is more than 50 lacs.
14 October 2023
https://www.caclubindia.com/experts/filing-26qb-in-case-of-two-buyers-2896614.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- UDIN ISSUE
- TDS on Fixed Assets purchased
- SALARY CAN BE CAPITALIZE
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
