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Total value of consideration(property value)column-TDS

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Kalyani Srinivas

53 Points Posted on 07 September 2023

Purchasing a property worth 56 lakhs.There are 2 buyers and 3 sellers.Both buyers and sellers have equal shares..Each buyer will file 3 forms of 26qb.Total 6 forms need to file.In each form of 26qb,how much value i have to enter in ''Total value of consideration(property value)'' column.56/2=28(buyer point of view)or 56/3=18.66(seller point of view)

Replies (3)

Quick Summary

This discussion clarifies how to report the 'Total value of consideration' in Form 26QB when purchasing a property with multiple buyers and sellers. It explains that each buyer should enter the full property value (Rs 56 lakhs in this case) in their respective Form 26QB submissions, even if they only own a share. The system allows for the allocation of each seller's share within the form, ensuring accurate TDS calculation for each party involved.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 07 September 2023

Buyer can give the details of all sellers in 26QB if more than one seller .

Your share attributable to each seller can be entered.

Kalyani Srinivas

53 Points Posted on 07 September 2023

There are 2 buyers and property value is 56 lakhs.I have to enter 28 lakhs in all 3 forms of 26QB of 1st buyer and the same in all 3 forms of 2nd buyer.

Is it correct sir.