Form 26QB Filing

This query is : Resolved

Hafiz (Querist)
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06 January 2025 I am purchasing a property for Rs 55 lakhs, which is having a fair value of Rs 80 lakhs and stamp duty value also considered as Rs 80 lakhs.

TDS is paying on Rs 80LAKHS ie, Rs 80,000/-.

While preparing form 26qb what will be provided as the total consideration? RS. 55 LAKHS OR 80 LAKHS.

What will be the amount shown in amount paid or credited column? If 55 LAKHS shown, then warning is appearing amount paid or credited and SDV have variation more than 20%.

Please advice

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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07 January 2025 As such it is not advisable to register the deed at lesser value than the FMV, as purchaser and the seller both will be liable for the tax liability with interest and penalties.
Still, if you wish to go ahead with the value then ignore the warning and pay the TDS which will be not less then Rs. EIGHTY thousand.