Form 26QB on multiple installment

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I had multiple installment for my property in the month of November. 15th and 25th

Can I fill a single form 26 qb?

If yes, what should be the value of date of installment/transfer and date of deduction?

Thanks!

Replies (9)

Yes,

Date of deduction.

Thanks Sir,

 

I'm not very sure what is the definition of date of deduction though. Can it be any of 15th Nov or 25th Nov? I did separate payouts on each date to the seller

I had a AV of 10L on both of those dates. Paid the seller AV Post TDS of 9.9L on 15th as well as 25th November.

 

Generally the date of deduction is arrived from the sale agreement. 

Hi sir,

I don't think I understood that part about sale agreement

Sale agreement has a clause of payment, the date of installment is based on some specific event as specified in the aggrement.

Right, I have been paying installments based on the specified dates

For November there were two installment entries for November 15 and November 25, both were separate events of slab completion

I paid the installments separately for both.

But now since we are talking about a single form 26qb, it's unclear what would be the value for

Date of Credit/Payment

Date of Deduction

As both events were on different date. Should I chose the earlier date (15) or the later date (25)

 

As you paid both insalmment in same month, you can club them as on 15th as date of deduction.

Thanks a lot sir. That would make the most sense

You are welcome.                  

Good Luck.        


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