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Need help in filling form 26QB in case of join buying of a property

TDS / TCS 565 views 2 replies

Hi All, Good Evening. 

Thanks to all who have been helping here. I am Prashanth HS from Bangalore. We (3 brothers) have purchased a property jointly worth 1 crore in the ratio 35:35:30 from state govt housing body. I do know that, we have to file 3 separate form 26QB based on our share. However, I have some confusion while filling the below fields in the form 26QB 

- Total Amount Paid/Credited   (Is this total value of the property or individual share? I think this is individual share, i.e, 35 lakhs in my case, need confirmation) )

- Total Property value               (Is this total value of the property or individual share?, I think this is total property value, i.e, 1 Cr but need confirmation)

- Total value of consideration   (Is this total value of the property or individual share?)

All these fields are under "Amount Paid/Credited" tab in the form 26 QB. I have attached a screen shot for reference.  

Please do let me know if more information is required to understand the query. 

Thanks a lot in advance,

 


Attached File : 2966227 20191107144530 26qb fill up converted.pdf downloaded: 91 times
Replies (2)
Fill details and file 26QB individually.
Deduct tax proportionately with regard to each of your share in the property to be purchased I. e. 35000, 35000, 30000 and file form 26QB


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