TDS on Sale of Property in case of Joint Owner or Join seller
This query is : Resolved
25 January 2022
How to deduct TDS .
Buyer Seller Sale consideration
A (Buyer) paid to Husband (Seller) = 10,30,000
A (Buyer) Paid to Wife (Seller) = 9,10,000
B (Buyer) Paid to Wife (Seller) = 60,60,000
80,00,000
Buyer Seller Sale consideration
A (Buyer) paid to Husband (Seller) = 10,30,000
A (Buyer) Paid to Wife (Seller) = 9,10,000
B (Buyer) Paid to Wife (Seller) = 60,60,000
80,00,000
25 January 2022
Though your query is not clear, but TDS is deducted over the shares of owner/s in property. (not to consider their investment in it).
25 January 2022
How will transactions of joint parties (more than one buyer/seller) be filed in Form 26QB?
Online statement cum challan Form/ Form 26QB is to be filled in by each buyer for unique buyer-seller combination for respective share. E.g. in case of one buyer and two sellers, two forms have to be filled in and for two buyers and two seller, four forms have to be filled in for respective property shares.
From:: https://www.tin-nsdl.com/faqs/tds-on-sale-of-property/TDS-FAQ.html
Online statement cum challan Form/ Form 26QB is to be filled in by each buyer for unique buyer-seller combination for respective share. E.g. in case of one buyer and two sellers, two forms have to be filled in and for two buyers and two seller, four forms have to be filled in for respective property shares.
From:: https://www.tin-nsdl.com/faqs/tds-on-sale-of-property/TDS-FAQ.html
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