19 June 2023
I purchased an immovable property the value of which is more than 50 lakhs. All payment is done by me (from my savings) and from my bank account. I make my spouse my co-owner and therefore the property will be registered in the name of both. My spouse is housewife and does not have any source of income. My confusion is whether I have to file two 26QB for myself and my spouse or only one 26QB in my name ? Next if I have to file only one 26QB in my name then how I will answer the question "Whether more than one buyer - Yes/No" while filing 26QB? Please suggest and thanks ...
19 June 2023
Sir, that means I have to file two 26QB for myself and my spouse. As I mentioned earlier my spouse does not pay any amount ; all consideration is paid by me. Then what amount I put in my spouse 26QB ? is it 50% of total consideration ? Next do IT department will ask where my spouse got money to buy the property ? Please suggest , thanks .
CAclubindia
