I have purchase a property in which we have 2 buyer and 2 seller
so. how I bifurcate The Tds amount and those 4 26 from and what amount of Sale consideration (Amount credited) Should we show in this from. The property value is 90 lacs. so we divided this amount in 4 equal parts or show 90 lacs in each form..
please suggest
thanks in advance
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TDs on purchase of immovable property (194IA)
Replies (1)
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How to bifurcate: Divide the total consideration (₹90 lakhs) according to the ownership ratios defined in your sale agreement (e.g., if it is 50-50, each buyer's share is ₹45 lakhs).
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Forms to file: Since there are 2 buyers and 2 sellers, you must file 4 separate Form 26QB challans, one for each buyer-seller combination.
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Amount to show: In each form, enter only the share of the consideration relevant to that specific buyer and seller pairing, not the total ₹90 lakhs.
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