Tds on sale of immovable property

This query is : Resolved 

05 March 2014 Sir,
At the time of sale of immovable property we should have to file form no 26QB. There are 3 buyers & 1 seller then how to file the form 26QB.
Whether we have to file 3 forms separately, if yes, then how the TDS amount should be distributed.

05 March 2014 Hello,

TDS amount and amount paid shared based on their shares in property itself and they have to file individual return for individual buyer.

Regards,
Neha Chauhan

05 March 2014 Hello,

Means they have to file 3 separate forms of 26QB and the TDS amount as per there share in the property.
And for generating form 16B we have to 1st deductor has register to TRACES, at that time they ask TAN can we enter the PAN in that colume.

06 March 2014 Yes,

You can register as "Tax payer" on TDS website for download Form 16B.

Regards
Neha Chauhan


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