Tds on immovable property (form 26qb)

Save Share

This query is : Resolved

JATINDER SINGH (Querist)

03 July 2015 I am buying a property at 60L.

I am one buyer.

There are 4 sellers (Joint Ownership of 4 Sellers).

I understand we have to generate four 26QB.

what do we fill in "Total Value of Consideration (Property Value)*" in each 26QB : 60L or 15L?

Please help
Urgent bcz tomorrow is the last date for file 26QB.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

03 July 2015 It is 60 lacs has to be filled up.

JATINDER SINGH

JATINDER SINGH (Querist)

06 July 2015 I am buying a property at 60L.

I am one buyer. There are 4 sellers (Joint Ownership of 4 Sellers).

I understand we have to generate four 26QB.

what do we fill in "Total Value of Consideration (Property Value)*" in each 26QB : 60L or 15L?

Please help Urgent bcz tomorrow is the last date for file 26QB.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 July 2015 Total value you fill 60L.
Say yes to more than one buyer/seller.
Payment you book 15L.

Message likes : 1 times

JATINDER SINGH

JATINDER SINGH (Querist)

05 February 2024 Sir, you are very much right and i am also 100% agree with you. Now there are lots of persons are dividing the figures as per their respective share now government also must need to issue a clarification with clear examples so every purchaser and seller should understand and clear about this issue of 26QB form

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

27 July 2025 Here’s the clear takeaway for **Form 26QB when multiple sellers are involved**:

---

### Scenario:

* **Property value:** ₹60 lakhs
* **Buyers:** 1
* **Sellers:** 4 (joint owners)
* You want to file **TDS payment (Form 26QB)** and are unsure what to fill in “Total Value of Consideration.”

---

### What to fill in Form 26QB:

* For **each Form 26QB**, the **Total Value of Consideration** is the **full property value (₹60 lakhs)**.
* However, when you enter the **amount paid to each seller** in the payment field, it should correspond to that seller’s share (₹15 lakhs if equally divided).
* You **file multiple Form 26QBs** — one for each seller.
* Each form will mention the **full property value ₹60 lakh** but the **amount paid/TDS deducted will be per seller’s share**.

---

### Why?

* The “Total Value of Consideration” field in Form 26QB is meant to show the **full consideration for the property** (for legal & tracking purposes).
* The payment details (amount & TDS) must reflect actual amounts transferred to each seller.

---

### Important notes:

* This is a common practice to avoid confusion with the property value while ensuring correct TDS for each seller.
* Govt. clarification on this would definitely help standardize the approach.

---

If you want, I can guide you step-by-step on how to fill the form for multiple sellers!

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