TDS filing for 55L

Hi Experts,

Please suggest, we(3 persons) have purchased one plot. it's sale consideration values is 55 lakhs. while filing 26QB, consideration value will be same 55L for all the buyer's 26QB form or it will be on proportion wise (30L, 20L,5L) for all the buyer. Please suggest one more "Total stamp duty value of the property" will follow the same rule as sale considetation value or it will follow different rules.

Regards,

Rajesh

 

Replies (1)

Form 26QB and Consideration Value Form 26QB is used to pay Tax Deducted at Source (TDS) on the purchase of immovable property.

Consideration Value for Joint Buyers For joint buyers, the consideration value in Form 26QB should be reported proportionally, based on each buyer's share of the property.

Example: - Total consideration value: ₹55 lakhs - Buyer 1's share: 30 lakhs - Buyer 2's share: 20 lakhs - Buyer 3's share: 5 lakhs Each buyer should report their respective share of the consideration value in their Form 26QB.

Total Stamp Duty Value of the Property The total stamp duty value of the property should be reported based on the actual stamp duty paid, which is typically a percentage of the property's value. Stamp Duty

Value for Joint Buyers For joint buyers, the stamp duty value can be reported in proportion to each buyer's share of the property, similar to the consideration value.

Example: - Total stamp duty value: ₹2.75 lakhs (assuming 5% of ₹55 lakhs) - Buyer 1's share: ₹1.65 lakhs (30% of ₹2.75 lakhs) - Buyer 2's share: ₹1.1 lakhs (20% of ₹2.75 lakhs) - Buyer 3's share: ₹0.275 lakhs (5% of ₹2.75 lakhs)

 Each buyer should report their respective share of the stamp duty value in their Form 26QB. Important

Considerations 1. _Verify state-specific rules_: Confirm the specific rules and regulations for your state regarding TDS on property purchases.

 2. _Consult a tax professional_: Ensure accurate guidance and compliance with tax regulations. By reporting the consideration value and stamp duty value proportionally, each buyer can fulfill their TDS obligations accurately.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details