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26QB Filling for Joint Buyes

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Swarup Paul

36 Points Posted on 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??

Replies (4)

Quick Summary

This discussion clarifies how to fill out Form 26QB when there are multiple buyers for a property. It explains that the sale value reported should be the actual value paid by each buyer, not the full property value. For instance, if two sellers sell a property for £1 crore, each seller should report £50 lakhs. Similarly, if two buyers have a 50% share each, the reported property value will be £50 lakhs, with TDS calculated on their proportionate share.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121543 Points Posted on 27 April 2023

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

sourav saraogi

24 Points Posted on 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.

121543 Points Posted on 28 April 2023

Rs. 50 lakhs.

sourav saraogi

24 Points Posted on 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.