Regarding 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.
ask the partner to whom full credit of tds is given to pay cash to the other partners to the extent of TDS share
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.
revise 26qb. pan correection, amount correction is possible now
TELL HIM TO REVISE 26QB
revise 26qb
CAclubindia
