Suppose a person has purchased a property of 54L and the sellers are 3 (husband, wife and son) with equal shares (since there's no mention of their individual ratios in the agreement).
As a buyer, I'll have to fill 3 form 26QB for all 3 sellers. Can you pls confirm if the details below are correct for each of the sellers:
Total Value of Consideration (Property Value) * 54,00,000
Amount paid/credited currently (B) * 18,00,000
Total stamp duty value of the property (C) * 18,00,000
And accordingly, I'll pay 18K TDS per head totalling 54K as 1% of the 54L property.
CAclubindia
