This discussion addresses a query regarding the correct stamp duty values to enter in Form 26QB when a property has multiple buyers with different share percentages. The user encountered an error indicating a need for proportionate stamp duty values. The advice provided clarifies that each buyer's Form 26QB should reflect their individual share of the total stamp duty value, not the full amount. It also touches upon the TDS calculation, suggesting it might need manual input.
02 April 2024
Hello Team, If agreement value is of 19364480 and there are 2 buyers(66% & 34% ratio) and 1 seller. So what should be the values in below 3 fields in each form 26qb?
If i give below values in each form 26qb ,it is giving me error "Warning : Please enter proportionate share of Stamp Duty Value." Also the 1% TDS Amount is not coming automatically for me, so i do need to manually enter and move ahead?
Total Value of Consideration (Property Value) * 12815960 Amount paid/credited currently (B) * 12815960 Total stamp duty value of the property (C) * 12815960
Total Value of Consideration (Property Value) * 6548520 Amount paid/credited currently (B) * 6548520 Total stamp duty value of the property (C) * 6548520
Which is the correct values? Can anyone please guide?