Form26qb incase of homemaker as joint owner

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3 Points Posted on 12 January 2020
hi
I am buying a flat which is having cost above 50 lakhs. (I have applied for home loan)
I have added my wife (home maker) as co-owner in sale deed. however whole financing is done by me.
how to fill form 26qb?

thanks
prasad
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On 12 January 2020 at 06:46 Report
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Quick Summary
This discussion addresses how to fill out Form 26QB when a homemaker is listed as a joint owner on a property purchase, even if they are not financially contributing. It clarifies the TDS (Tax Deducted at Source) implications, specifically whether a homemaker co-owner is liable for TDS, and touches upon the process when multiple buyers and sellers are involved.

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3 Points Posted on 12 January 2020
Sir you have deduct 1% tds to party.in 26QB options are there.if u have doubt I will try to clarify.

Ravindra hegde
Bangalore
9945349359
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On 12 January 2020 at 07:26
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3 Points Posted on 12 January 2020
Though my wife is housewife, and not contributing in property purchase, since I have mentioned her as co-owner, she has to pay 0.5% tds. Is it? Thanks Prasad 9008402160
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On 12 January 2020 at 08:15
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Student
59 Points Posted on 12 January 2020
In case there are multiple buyers and sellers involved in the transaction, the deductor will be required to submit multiple Form 26QB.  
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On 12 January 2020 at 09:07

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