From 26QB TDS payment Final installment question

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SuchinblrEngineer (Querist)
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09 August 2024 Dear Sir,

Total Property value: 65L
We (Husband and wife paid total 60L (30L Each and paid 30000Rs each as TDS in previous installment)).
The last and final installment is 2.5 lakh each and TDS amount of 2500 Rs each.

I noticed some of the answers to similar questions, but did not find the exact answer.

Now for the final payment, there is an error I see while filling the form 26QB

payment type: "INSTALLMENT"
Whether it is last installment: "YES"
Amount previuously credited: 30L.

If I select 2.5L : below error:
Difference between total of "Total amount paid/Credited in prev installments if any(A) + Amount paid or Credited currently (B) and Stamp Duty value is more than 20%.

If I select 32.5 L (Stamp duty value 50% - > This I tried based on some of the earier responses that it has to be the proportions, since its wife and husband I put 50% of total here):
This options says, Amount on which TDS to be deducted (D) showing as -> "32.5L" ands its not editable.

So, my worry is the autmated system expects the TDS amount to be 32500, but I pay only 2500 (1% of final payment), and I get a short notice.

Actaully I did pay 30000 in the previous installments., total TDS paid will still be 32500, I'm worried I'll get short notice and I'll have to run behind TDS offices to get it fixed.

The other option I tried is:
if I select "Lumpsum for my final payment, then I can select stamp duty as 2.5 Lakh same as the final payment and then I can 2500

The question:

1. Should I select lumpsump for the final installment and keep stamp duty same as the final installment amount?
2. would it create any problem from seller if I select lumpsump as the final installment ?

3. If I dont select lumpsump and select "final installment as "YES" and pay only 2500 rs instead of 32500 as system would expect. Does system calculate it as TDS paid in the previous installments as 30000 +2500 or will I get short notice, if the TDS paid is not 1% of "TDS on which amount paid filed" regard less what we select ?

please advice

Thanks in advance

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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09 August 2024 Option
payment type: "INSTALLMENT"
Whether it is last installment: "YES"
Amount previously credited: 30L.
is correct.....
Only change required is in stamp duty value ............ Rs. 2.5L....

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