FORM 26QB IN CASE OF JOINT BUYER
This query is : Resolved
Quick Summary
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.
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
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