TDS ON PROPERTY PURCHASES BY JOINT OWNER - 26QB

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manoj sonalkar (Querist)
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07 December 2019 Sir/Madam,

How should form 26QB be filled in the case of a joint ownership property.
One of the tax expert advice me that for each buyer a separate Form 26QB is to be filed thus say A & B purchases property from X , in that case 2 Form 26QB to be filed - Buyer A - Seller X for part of the sale consideration & Buyer B - Seller X for remaining part of the sale consideration.
Is the view correct , pl advice.

Ayush Agrawal

Ayush Agrawal (Expert)
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07 December 2019 Yes, two form 26QB is to be filled with respect of each individual transactions and form 16 B "TDS Certificate" will also be downloaded from www.tdscpc.gov.in for each transactions

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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07 December 2019 As advised , you have to file separately

manoj sonalkar

manoj sonalkar (Querist)
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09 December 2019 Thanks , what if Husband & Wife purchases House from a Builder cost of which is Rs.1.50 cr.
Should they give two separate Form 16 B to Builder or any one of them can apply.

Ayush Agrawal

Ayush Agrawal (Expert)
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09 December 2019 Two separate forms would be required

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