TDS ON PROPERTY PURCHASES BY JOINT OWNER - 26QB
This query is : Resolved
07 December 2019
Sir/Madam,
How should form 26QB be filled in the case of a joint ownership property.
One of the tax expert advice me that for each buyer a separate Form 26QB is to be filed thus say A & B purchases property from X , in that case 2 Form 26QB to be filed - Buyer A - Seller X for part of the sale consideration & Buyer B - Seller X for remaining part of the sale consideration.
Is the view correct , pl advice.
How should form 26QB be filled in the case of a joint ownership property.
One of the tax expert advice me that for each buyer a separate Form 26QB is to be filed thus say A & B purchases property from X , in that case 2 Form 26QB to be filed - Buyer A - Seller X for part of the sale consideration & Buyer B - Seller X for remaining part of the sale consideration.
Is the view correct , pl advice.
07 December 2019
Yes, two form 26QB is to be filled with respect of each individual transactions and form 16 B "TDS Certificate" will also be downloaded from www.tdscpc.gov.in for each transactions
07 December 2019
As advised , you have to file separately
09 December 2019
Thanks , what if Husband & Wife purchases House from a Builder cost of which is Rs.1.50 cr.
Should they give two separate Form 16 B to Builder or any one of them can apply.
Should they give two separate Form 16 B to Builder or any one of them can apply.
09 December 2019
Two separate forms would be required
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company registration : Rental agreement or NOC?
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
