TDS on Property Purchase - Query on Total Sale Consideration Value
This query is : Resolved
Nitin Jain
(Querist)
12 February 2025
Dear Sir
Our case is 2 buyers and 2 Sellers (both sides husband and wife with 50:50 share). Property value is 1.85 cr as per agreement.
While filling form 26QB, please confirm:-
1. Each Buyer will fill 2 forms 26QB in name of each seller...is it correct ?
2. If point no. 1 is correct, then while filling 2 forms 26QB by each buyer - what value should be mentioned in Total Sale Consideration column...is it 46.25 lac in each form considering total 4 forms to be filled (each buyer filling 2 forms in name of each seller) ? Or in all 4 forms, the Total Sale Consideration value needs to be filled as 1.85 cr ?
Our case is 2 buyers and 2 Sellers (both sides husband and wife with 50:50 share). Property value is 1.85 cr as per agreement.
While filling form 26QB, please confirm:-
1. Each Buyer will fill 2 forms 26QB in name of each seller...is it correct ?
2. If point no. 1 is correct, then while filling 2 forms 26QB by each buyer - what value should be mentioned in Total Sale Consideration column...is it 46.25 lac in each form considering total 4 forms to be filled (each buyer filling 2 forms in name of each seller) ? Or in all 4 forms, the Total Sale Consideration value needs to be filled as 1.85 cr ?
Dhirajlal Rambhia
(Expert)
18 February 2025
1. Yes, correct.
2. For each form the said value will be 46.25L
2. For each form the said value will be 46.25L
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