T.D.S. on payment of purchase property

TDS / TCS 398 views 10 replies

Sir,

I have purchased one property (buyer)of Rs 1,45,00,000/- but sellers are 4 members, (Consideration) one seller is 5500000 second seller is 65,00,000 third seller is 15,00,000 and fourth seller is 10,00,000. In this connection should I am liable to do TDS from the payment to third or fourth seller?, because third or fourth seller are getting below Rs.50 Lacs amount.

And how to mention seller details in Form No.26QB?,because there are more than 01 members as a seller.

Thanks.

Replies (10)
Whether their share in the property is clearly spelt in the sale deed? on plain reading of the section, tds is not required but however in my opinion, it's safer to deduct TDS for 3rd and 4th share holders also.

Thank you very much for reply,

Share of joint members are clearly mention in sale deed.

And can you guide me about Form No.26QB ?

How to mention more than 01 member in Form No.26QB? Because in form there is only 01 colum for seller party.

Thanks. 

It is clearly mentioned under the Act, as per section 194 IA No TDS, if the immovable property is owned by two or more individuals, the value of whose individual share is less than 50 lakhs.
No need to deduct TDS for 3 n 4..

Thank you very much Sir for your valuable guidance. 

Can you give me guidance about Form No.26QB. How to fill more than 01 person details? Because in Form No.26QB there is only 01 colum. 

Thanks. 

Thank you very much Sir for your valuable guidance. 

Can you give me guidance about Form No.26QB. How to fill more than 01 person details? Because in Form No.26QB there is only 01 colum. 

Thanks. 

Thank you very much Sir for your valuable guidance. 

Can you give me guidance about Form No.26QB. How to fill more than 01 person details? Because in Form No.26QB there is only 01 colum. 

Thanks. 

It should be file separately for each co owner

Thank you very much Sir for your valuable guidance. 

Thank you very much Sir for your valuable guidance. 

Attn Mr. SHAIk where in the act it is mentioned no tds when the sellers are more than one? could you please quote relevant provisions


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details