Tds on immovable property (form 26qb)
This query is : Resolved
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.
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.
03 July 2015
It is 60 lacs has to be filled up.
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.
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.
06 July 2015
Total value you fill 60L.
Say yes to more than one buyer/seller.
Payment you book 15L.
Say yes to more than one buyer/seller.
Payment you book 15L.
Message likes :
1 times
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
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!
---
### 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!
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