14 April 2025
Hi, Which value is to be filled in the "total value of consideration" in Form 26QB for co-ownership property ? Is it the entire sale consideration of the property or the each owner's share in the sale consideration?
For Stamp Duty Value - the form 26QB clearly states only each owners' share in SDV has to be filled in the pop-up (warning) but no such instruction for TVC.
Some CAs advise to put each owners share in sale consideration as the value in TVC whereas some others have advised the total sale consideration as the value to be put in TVC.
Which is the correct approach? is there any circular / clarification from CBDT in this regards?