Query related to 2 buyers and 1 seller in form 26QB
This query is : Resolved
Quick Summary
Vikas Ganglas
(Querist)
04 June 2025
Hi Sir,
I and my wife have jointly purchased a property worth 7391600 from one seller. While filling up form 26QB, it is giving me warning "Please provide proportionate share of stamp duty value." I am below values for both forms:
1. Total Value of Consideration (Property Value) = 3695800
2. Payment type = Lumpsum
3. Whether stamp duty value is higher than sale consideration ? - No
4. Amount paid/credited currently (B) = 3695800
5. Total stamp duty value of the property (C) =3695800
6. TDS Amount = 36958
The warning is not going away.
Could you please guide me what I am doing incorrectly to get this warning ?
Thanks in advance
Regards,
Vikas
I and my wife have jointly purchased a property worth 7391600 from one seller. While filling up form 26QB, it is giving me warning "Please provide proportionate share of stamp duty value." I am below values for both forms:
1. Total Value of Consideration (Property Value) = 3695800
2. Payment type = Lumpsum
3. Whether stamp duty value is higher than sale consideration ? - No
4. Amount paid/credited currently (B) = 3695800
5. Total stamp duty value of the property (C) =3695800
6. TDS Amount = 36958
The warning is not going away.
Could you please guide me what I am doing incorrectly to get this warning ?
Thanks in advance
Regards,
Vikas
Nikhil Kaushik
(Expert)
04 June 2025
there is nothing wrong in what you have filled in. Could just be a case of system not operating correctly. Try again tomorrow may be.
Vikas Ganglas
(Querist)
05 June 2025
Thank you so much for the quick response. Will try again tomorrow.
CA R SEETHARAMAN
(Expert)
05 June 2025
1 Property value give it as 7391600.
Vikas Ganglas
(Querist)
05 June 2025
Even after giving 1 as 7391600, it is giving me same warning. No matter what values I provide if I am selecting more than 1 buyer as yes, it’s giving me warning “Please enter proportionate share of stamp duty value.”
What should I do ? Should I give 1 as 7391600 and rest as 3695800 and proceed with the tds payment regardless of the warning ?
What should I do ? Should I give 1 as 7391600 and rest as 3695800 and proceed with the tds payment regardless of the warning ?
CA R SEETHARAMAN
(Expert)
05 June 2025
Yes, you are right proceed with TDS payment regardless of warning.
Vikas Ganglas
(Querist)
05 June 2025
Thank you so much sir 🙏🏼
CA R SEETHARAMAN
(Expert)
05 June 2025
You are welcome...
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