Need help with Form 26QB throwing errors for final installment

This query is : Resolved

Jayesh Divate (Querist)
Follow

19 July 2024 This is a single buyer and single seller transaction for an under construction property. I got a demand from the builder for the last installment payment which is around 6L. Along with this, I have to pay the other charges like advance maintenance, gas connection etc which is around 2L. Builder gave me 3 invoices and I have to pay the TDS for all of them.
1. First I am trying to pay the TDS on the 6L. I am marking this as last payment while filling 26QB form? Because technically this is the last payment in the schedule.
-- Total amount paid/ credited in previous installments, if any (A) = 3L (this is last installment amount)
-- Amount paid/credited currently (B) = 6L (current installment amount)
-- Stamp duty = 3L (original stamp duty I paid)
-- I am getting this error: Warning : Difference between total of ‘Total amount paid/ credited in previous installments, if any (A)’ + ‘Amount paid/credited currently (B)’ and ‘Stamp Duty Value (C)’ is more than 20%.

2. Should I select Lumpsum for paying TDS on Other charges?

Appreciate your help

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

19 July 2024 Yes, pay in lumpsum, for Other Charges.

Jayesh Divate

Jayesh Divate (Querist)
Follow

19 July 2024 Thanks for the reply.

but what should I do for the #1 -- First I am trying to pay the TDS on the 6L. I am marking this as last payment while filling 26QB form? Because technically this is the last payment in the schedule.
-- Total amount paid/ credited in previous installments, if any (A) = 3L (this is last installment amount)
-- Amount paid/credited currently (B) = 6L (current installment amount)
-- Stamp duty = 3L (original stamp duty I paid)
-- I am getting this error: Warning : Difference between total of ‘Total amount paid/ credited in previous installments, if any (A)’ + ‘Amount paid/credited currently (B)’ and ‘Stamp Duty Value (C)’ is more than 20%.

Jayesh Divate

Jayesh Divate (Querist)
Follow

19 July 2024 Thanks for the reply. But could you please reply to my 1st query on the error?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

19 July 2024 Being last payment if you wish to enter lumpsum 6 L, then the stamp duty value should also match to 6 L. or it can be little less than that.

Jayesh Divate

Jayesh Divate (Querist)
Follow

19 July 2024 Great. Thanks for the quick reply.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

19 July 2024 My Pleasure.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now