Tds on sale of immovable property (26QB) Correction


This query is : Resolved 

Quick Summary
This discussion addresses how to correct mistakes in a generated 26QB acknowledgement for TDS on property sale when payment hasn't been made. It clarifies that a new 26QB form can be generated, and the existing one will become invalid without payment. For multiple sellers, separate 26QB forms are required for each seller, with the property value and stamp duty value divided proportionally among them.

19 January 2023 Hi sir,
Iam generated acknowledgement number for 26QB. Payment not done till now . But I found some mistakes in this 26QB form.
My doubts are
1.can I generate new 26QB or rectify existing 26QB.
2. If your answer is generate new 26QB, what about existing 26QB.
3.Is there any problem to client if creating new 26QB if ignore existing 26QB

19 January 2023 1. Generate new 26QB
2. Without payment it gets invalid after sometimes.
3. After the new 26QB is active, there should not be any problem to client..

20 January 2023 Additional details related to 26QB:
a)value of property 56 lakhs
b)Sellers - 4
c)Buyer- 1
d)Share of property between sellers is equal.
Now my questions are
1. Here Sellers are four can I fill 26qb four times in tin nsdl website.
2. each case can I shown value of property is 56 lakhs or 56 lakhs/4=14 lakhs in tin nsdl website.
3. each time Which option can I choose whether more than one seller ( yes or no) while entering in to nsdl website
Thank you sir

20 January 2023 1. Yes, 4 forms, one each relevant to seller..
2. Correct..
3. Yes..

20 January 2023 Sir can you elaborate to 2nd question answer
That is what amount will show each time 56 lakhs or 14 lakhs

20 January 2023 Rs. 14 lakhs for each form..

20 January 2023 Stampduty value also will distribute proportional to each form

20 January 2023 Correct..

22 January 2023 Thank you very much sir

22 January 2023 You are welcome..


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query