I was filling the form 26QB for TDS and had a query. The sellers are joint owners (husband and wife). Now while filling the form, I know I have to fill two forms, ie. 1 each for both joint owners. However while filling the form, what is the value I need to put under below fields?
Total Consideration:
Will the Total Value of Consideration be the full amount on both the forms or 50% in each form? Eg. If the value of property is 1cr, will Total Value of Consideration be 50 lakhs each on both forms or 1Cr in both forms??
Total Amount Paid:
Will the Total amount paid be 50% of 1 Cr for each of the 2 forms, i.e 50 lakhs and 50 lakhs? The amount is paid in lumpsum.
Rounding off the amount:
Lastly, there is no option in the below drop-down for paise as the amount is in decimal. The total value is 1cr and 1 rupee. Can I round it to 1cr 2 rupees so that the split will be 50laks and 1 rupee as there is no drop-down to select paise?
CAclubindia
