Installment Payment in Form 26QB
This query is : Resolved
27 April 2024
While In Under-construction purchase of property multiple installments are being paid. My Questions are
1. Where Multiple Purchasers are making payment (Say Agreement Value is 99 Lacs)
a. What will be Value of Property i.e. Complete Value i.e. 99 Lacs or as per Share of Ownership i.e.
33 Lacs.
b. In Subsequent Installments payments what will be mentioned in Previous Installments paid (Say total installment paid Rs. 33 Lacs coming to 11 Lacs Each owner)
i. The share of Installment paid by respective owner: or
ii. The total of Installments paid by all purchasers together
1. Where Multiple Purchasers are making payment (Say Agreement Value is 99 Lacs)
a. What will be Value of Property i.e. Complete Value i.e. 99 Lacs or as per Share of Ownership i.e.
33 Lacs.
b. In Subsequent Installments payments what will be mentioned in Previous Installments paid (Say total installment paid Rs. 33 Lacs coming to 11 Lacs Each owner)
i. The share of Installment paid by respective owner: or
ii. The total of Installments paid by all purchasers together
28 April 2024
1 a. It's complete value 99 lacs.
b. 11 lacs each owner.
b. 11 lacs each owner.
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
