Ad-Free CAclubindia and daily updates on your mobile. Subscribe Now!

26QB Filling for Joint Buyes

27 April 2023

I have to file 26QB where more than one buyer. my question is what will the sale considered value have to show. is it the full amount of the sale of property or the only part of the buyer??

Reply
Follow
Share

4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (162014 Points)
Replied 27 April 2023

The actual value of the property being paid by each buyer.

Upgrade to CAclubindia Pro. Subscribe Now!

sourav saraogi (4 Points)
Replied 28 April 2023

in case of two sellers say A and B selling property of 1 cr - what should be value of property reported while filling 26QB for each seller ? 50 lacs or 1 crore

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (162014 Points)
Replied 28 April 2023

Rs. 50 lakhs.

sourav saraogi (4 Points)
Replied 28 April 2023

Thanks and if there are two buyers also having 50% share then value of property reported will be 50 lacs and stamp duty value of proportionate share will be 25 lac on which tds will be auto calculated.