TDS on purchase of under construction property from a reseller

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This query is : Resolved

Himanshu (Querist)

03 October 2026 * Builder originally sold the property to Buyer A for 1 Cr.
* Out of which 80 lakh has already been paid, and 20 lakh is still payable to the builder at possession.
* During construction, Buyer A sold the property to Buyer B for 1.50 Cr.
* Buyer B has paid 1.30 Cr to Buyer A, while the remaining 20 lakh will liable to pay directly to the builder at possession.

My query is

1. For Form 141, the sale consideration between A and B should be reported as 1.50 Cr right?
2. If 1.50 Cr is the consideration, what should i mention the transaction as lumpsum or installment? Because only 1.30 Cr is currently paid to A and Buyer B eventually pays the remaining 20 lakh directly to the builder at the time of possession.

If mark it as a lumpsum then sales consideration and amount paid won’t be matching..

If mark it as a instalment then it should be first installment i guess, but for subsequent payment PAN number of deductee will get change.. will it allow me to file the TDS form with different PAN number?

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

03 October 2026 Regarding the portal allowing different PANs: The Income Tax portal treats each Form 26QB as a distinct challan-cum-statement tied to a specific Deductor-Deductee pair. It will not block you from filing a new Form 26QB for the builder later just because you previously filed one for Buyer A regarding the same property.

To handle this transaction correctly, Buyer B must file two separate Form 26QB filings, selecting "Installment" for both, reporting the total property value as ₹1.50 Cr each time, but deducting 1% TDS only on the specific amounts paid to Buyer A's PAN now and the Builder's PAN at possession.

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