19 July 2024
This is a single buyer and single seller transaction for an under construction property. I got a demand from the builder for the last installment payment which is around 6L. Along with this, I have to pay the other charges like advance maintenance, gas connection etc which is around 2L. Builder gave me 3 invoices and I have to pay the TDS for all of them. 1. First I am trying to pay the TDS on the 6L. I am marking this as last payment while filling 26QB form? Because technically this is the last payment in the schedule. -- Total amount paid/ credited in previous installments, if any (A) = 3L (this is last installment amount) -- Amount paid/credited currently (B) = 6L (current installment amount) -- Stamp duty = 3L (original stamp duty I paid) -- I am getting this error: Warning : Difference between total of ‘Total amount paid/ credited in previous installments, if any (A)’ + ‘Amount paid/credited currently (B)’ and ‘Stamp Duty Value (C)’ is more than 20%.
2. Should I select Lumpsum for paying TDS on Other charges?
but what should I do for the #1 -- First I am trying to pay the TDS on the 6L. I am marking this as last payment while filling 26QB form? Because technically this is the last payment in the schedule. -- Total amount paid/ credited in previous installments, if any (A) = 3L (this is last installment amount) -- Amount paid/credited currently (B) = 6L (current installment amount) -- Stamp duty = 3L (original stamp duty I paid) -- I am getting this error: Warning : Difference between total of ‘Total amount paid/ credited in previous installments, if any (A)’ + ‘Amount paid/credited currently (B)’ and ‘Stamp Duty Value (C)’ is more than 20%.
19 July 2024
Being last payment if you wish to enter lumpsum 6 L, then the stamp duty value should also match to 6 L. or it can be little less than that.
CAclubindia
