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

Prashanth Hs (1 Points)

07 November 2019  

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,