26QB Form - TDS

This query is : Resolved

Jigar Morbia (Querist)
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10 February 2025 I have registered the agreement and paid stamp duty @6% of total consideration = 8,10,000. There are two buyers with 95,00,000 and 40,00,000 contribution.

For First Buyer:
Question-1
"Total value of consideration (property value)" = 95,00,000 [ As per the contribution - Is this correct?]

Question-2
then "Amount paid/credited currently (B)" should be 95,00,000 or 94,05,000 (i.e. amount paid to seller after TDS deduction = 95,00,000 - 1% TDS = 94,05,000)

Question-3
Difference between "Amount paid/credited currently (B)" and "Total Stamp Duty Value of the Property (C)" is greater than 20% i.e. 20.32% and giving warning message. Should I proceed for TDS payment or make C = B?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 February 2025 1. Rs. 95 lakhs.
2. If stamp duty value is lesser (or equal to) Rs. 95 Lakhs, then proceed without the correction.

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Jigar Morbia

Jigar Morbia (Querist)
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11 February 2025 Thank you Dhiraj sir for your prompt reply... I did not understand then 2nd one... Stamp Duty value is 7569000 which is lesser than 95 lakhs so in that case what correction I need to make?

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 February 2025 In that case proceed without considering the warning message.