How to fill TDS 26QB in case of joint owners and sellers with bank loan
This query is : Resolved
13 February 2022
Buyer A and B finalized a property from Seller C and D for amount 80,00,000.
Buyer A and B have paid 40,00,000 each to Sellers C and D and registered the property
Now Buyers A and B need to fill 4 forms of 26QB (A->C; A->D, B->C, B->D).
In this scenario, I have below query:
In each of the forms, what should be filled in Total Amount Paid/Credited* field. Will this be total amount divided by 4 i.e. 20,00,000 or entire property purchase amount of 80,00,000 in all four TDS forms?
Buyer A and B have paid 40,00,000 each to Sellers C and D and registered the property
Now Buyers A and B need to fill 4 forms of 26QB (A->C; A->D, B->C, B->D).
In this scenario, I have below query:
In each of the forms, what should be filled in Total Amount Paid/Credited* field. Will this be total amount divided by 4 i.e. 20,00,000 or entire property purchase amount of 80,00,000 in all four TDS forms?
Dhirajlal Rambhia
(Expert)
13 February 2022
Total Amount Paid/Credited* will be Rs. 20 L for each form...
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