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TDS on Sale of Property

TDS / TCS 167 views 1 replies

Me and my wife( Joint buyers) are purchasing a resale flat for which agreement to sale has been registered in March 2021. 

I am also avaialing Home Loan for same

I have paid the Sellers ( Husband and Wife) my own contribution of 20%( except the TDS amount) on day earlier to agreement to sale . 

I have paid the complete  TDS by submitting 4 different 26QB form with unique seller - buyer combination on 31st March 2021. 

But the Home Loan will be now disbursed in first week of April around 10th April and Sale Deed for same flat will be executed and registed around same date. 

In above scenario , will I have to apply for correction in 26QB form since the complete TDS for sale consideration amount was done in March 2021, where as the Home Loan amoutn will be disbursed in April 2021

 

 

Replies (1)
No , you are not required for the correction.
Seller is also required to show the income in FY 20-21.


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