Naveen kumar (Student CA-ipcc) (26 Points)
15 March 2017Regarding correction in form 26qb -Sale of Property. Sir, In this contract there 2 Buyer (1:1) and 3 Sellers (1:1:1) are there. After transaction done Buyer issued form 26 QB to only one seller( 1/3 share) ignoring the other co-partners. Sale of Property- 6510000 TDS deductable -65100 Now how to credit this amount to those remaining co-partners.
But buyer already paid full amount 65100 to only one partner.
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 15 March 2017
ask the partner to whom full credit of tds is given to pay cash to the other partners to the extent of TDS share
Naveen kumar
(Student CA-ipcc)
(26 Points)
Replied 15 March 2017
Sir,
But the partner who received full amount TDS, he is not ready to share that amount to other partners.
So how we can able to credit to others partners.
CA Janani
(ACA ACS DISA(ICAI))
(359 Points)
Replied 15 March 2017
revise 26qb. pan correection, amount correction is possible now
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
