TDS on Sale of Property

181 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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
06 July 2026
C.A./CA Inter OR pursuing C.A./GST/Accounts/Audit/IT - Head

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details