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Tds on property

Others 635 views 3 replies

I along with my wife have brought property worth 65 lakh. I have deducted 65000 as TDS amount. When filing online for payment of TDS for 26QB, I had filled only one challan in my name and 1st seller and mentioned the full amount of 65k. During on line transaction of bank payment the link went away and the payment didnot happen.

Following question:

1. How do i retrieve the TDS acknowledge challan ( i have the No) and proceed with the payment.

2. I was going thru Q & A, it state if more than one buyer and one seller you are required to fill individual form 26QB. In my case we are 2 buyer and 2 seller. it means i will have to fill up 4 challans.

a) How do i cancel the earlier challan? 

b) How much TDS should be deducted in each challan ( 65000 divided by 4?)

c) I am fully paying and my wife doesnot have any contribution, can i pay all 4 challan together through one bank?

 

Replies (3)

I think you can file only one challan mentioning the details of 2 buyers and 2 sellers, since it is one property and one payment. 

Wait for others to reply.

In the format you can only mention one Buyer and one seller name and Pan no. It only ask whether more than one buyer and seller?

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