03 December 2023
Hi While filling Form 26QB I'm seeing few queries Total Sales Consideration is 66 lacs date of Agreement : 20th Oct 2023 Tentative date of Registry : 5th Dec 2023
My Wife has paid 5L to first Seller and 5 Lac to Second Seller on 20th Oct I have paid 5L to first Seller and 5 Lac to Second Seller on 4th Nov Balance 45,34 Lac will be paid through Joint Home Loan after adjusting TDS amount of 66000 on 5th December 2023 my queries are as below: 1. No of 26QB ? Do we need to file 8 TDS forms or 4 TDS Forms? 2. interest calculation of TDS in my wife's 26QB against payment made in Oct 2023, As i have not deducted TDS at that time (I was not aware) 3. interest calculation of TDS in my 26QB against payment made in Nov 2023, As i have not deducted TDS at that time (I was not aware) 4. What value should I fill in "Total Value of Consideration" --- 33 lac ? 5. What value should I fill in "Total Stamp duty Value of Property" ---- 16.5 lacs? 6. What Payment Type should I consider : Installment/ Lumpsum ?
04 December 2023
1 4 TDS return as no TDS deducted for earlier payment. 2 Treat it as lump sum payment. 3 Same reply as above. 4 66 lacs. 5 66 lacs. 6 Lumpsum.
CAclubindia
