Hello All,
I have recently sold my flat, the sale consideration of the property exceeds 50L. Buyer of flat has given entire amount to me and he did not cut the TDS amount.
Is it okay if I pay TDS(26QB) on his behalf?
Chetan Shinde (3 Points)
24 February 2023Hello All,
I have recently sold my flat, the sale consideration of the property exceeds 50L. Buyer of flat has given entire amount to me and he did not cut the TDS amount.
Is it okay if I pay TDS(26QB) on his behalf?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161021 Points)
Replied 24 February 2023
Yes, it can be done.
Otherwise, you will need to give him proof of the assessment (i.e. the deal offered to tax) of the capital gains paid, by way of CA certificate.
sabyasachi mukherjee
(26290 Points)
Replied 24 February 2023
CA Raj Doshi
(Practising CA)
(8818 Points)
Replied 25 February 2023
CA Mohit Sharma
(Chartered Accountant)
(119 Points)
Replied 25 February 2023
Yes, you can pay the TDS (Tax Deducted at Source) on behalf of the buyer of your flat through Form 26QB.
Chetan Shinde
(3 Points)
Replied 25 February 2023
Thank you all for your inputs,
I am the only 1 seller, in agreement for sale as a buyer there are names of both husband and wife I hope this is considered as only 1 buyer.
CA Raj Doshi
(Practising CA)
(8818 Points)
Replied 25 February 2023
CAclubindia
