TDS - Form 26QB - Installment - Final payment Query
This query is : Resolved
Nabur Vatika
(Querist)
05 November 2024
I had bought a Pre-const house for 55lac and paid Stamp duty on 55lac during registration.
I made 54,00,00 payments in installments and now making the last installment of 1 lac
On the 26QB form
Total Value of Consideration (Property Value) -₹55,00,000
Payment type*-Installment
Whether it is last installment ?*-Yes
Whether stamp duty value is higher than sale consideration ?* - Dont know what to choose
Total amount paid/ credited in previous installments, if any (A) * ₹54,00,000
Amount paid/credited currently (B) *-₹1,00,000
Total stamp duty value of the property (C) *₹55,00,000
Now under
Tax Deposit Details, I am getting
Amount on which TDS to be deducted (D)*₹55,00,000, which looks wrong.
Should this not be the amount currently paid ₹1,00,000. What am I doing wrong?
I made 54,00,00 payments in installments and now making the last installment of 1 lac
On the 26QB form
Total Value of Consideration (Property Value) -₹55,00,000
Payment type*-Installment
Whether it is last installment ?*-Yes
Whether stamp duty value is higher than sale consideration ?* - Dont know what to choose
Total amount paid/ credited in previous installments, if any (A) * ₹54,00,000
Amount paid/credited currently (B) *-₹1,00,000
Total stamp duty value of the property (C) *₹55,00,000
Now under
Tax Deposit Details, I am getting
Amount on which TDS to be deducted (D)*₹55,00,000, which looks wrong.
Should this not be the amount currently paid ₹1,00,000. What am I doing wrong?
Dhirajlal Rambhia
(Expert)
05 November 2024
1. No.
2. Value of C in this last installment will be 1 lakh.
2. Value of C in this last installment will be 1 lakh.
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