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If 2 seller sells residential property to 2 buyer, how to show in itr-2 details of buyer?

ITR 1401 views 4 replies

DEAR ALL,

PLEASE SUGGEST HOE TO SHOW THE DETAILS OF BUYER IF 2 SELLER SELLS THE RESIDENTIAL PROPERTY TO 2 BUYER? IN WHICH 1 SELLER RECEIVED AMOUNT FROM 1 PARTICULAR BUYER AND ANOTHER SELLER RECEIVED FROM SECOND ONE? THE REGISTRATION HAS BEEN MADE VIDE ONLY ONE SINGLE SALE DEED.

FOR EXAMPLE:- 2 SELLERS HAVING EQUAL SHARE SELLS RESIDENTIAL PROPERTY IN RS. 1,00,000/- TO 2 BUYERS WITH EQUAL SHARE.

IN WHICH 1 SELLER RECEIVED AMOUNT FROM 1 PARTICULAR BUYER AND ANOTHER SELLER RECEIVED FROM SECOND ONE.

 EITHER ONE SELLER SHOW THE DETAILS OF BOTH BUYER WITH RS. 100000/- OR THE 50%-50% AMOUNT SHOW WITH BOTH THE BUYER EQUAL SHARE WHILE FILLING ITR-2? 

Replies (4)

50-50 % of both the buyers.

you mean that both the sellers show the details of both the buyer in 50%-50% ratio of amount received.

 

Hi, we sold a joint property (along with my wife) to another couple. The TDS of 1% was deducted. Buyer1 deducted from seller 1 (1% of 50% share) and Buyer 2 deducted from seller 2 (1% of 50% share). So instead of 4 challans, only 2 were used. With this both me and wife are getting the needed tax credit and buyers have also deposited 1% in total. While filling ITR2 under capital gains, its asking for buyers name. Should me and my wife put both the buyers name OR should I put buyer1 (who deducted my TDS) and wife puts buyer2 ? In the 26AS we see only one buyer (I see buyer1 and my wife 26AS shows buyer2).

Thanks for your help

 

Hi. My query is same as already listed.

We sold a joint property (along with my wife) to another couple. The TDS of 1% was deducted. Buyer1 deducted from seller 1 (1% of 50% share) and Buyer 2 deducted from seller 2 (1% of 50% share). So instead of 4 challans, only 2 were used. With this both me and wife are getting the needed tax credit and buyers have also deposited 1% in total. While filling ITR2 under capital gains, its asking for buyers name. Should me and my wife put both the buyers name OR should I put buyer1 (who deducted my TDS) and wife puts buyer2 ? In the 26AS we see only one buyer (I see buyer1 and my wife 26AS shows buyer2). Thanks for your help

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