Form 26qb tds deduction query

Hi Sir/mam,

I have just purchased a property few days back and have query around the "Total Value of Consideration (Property Value)" field that needs to be filled in the Form 26QB.

Here is my purchase scenario:

1. The property is part of the complex built and sold by a builder. So, builder is the original owner of the property. Herein called as Builder in further discussion below.

2. Builder sold the a flat (property into consideration) in the above mentioned complex to a person called as Seller. Seller purchased the flat few years back on construction linked plan in 70 lacs. He has paid 60 lacs to the builder as of now and 10 lacs is still pending.

3. I am the buyer of the property and I have bought the property in the same price as Seller bought from builder few years back. So, I paid 60 lacs to the Seller and 10 lac is to be paid to the builder when the builder demands the same (in next few months).

 Now, as I have paid 60 lac to the seller, I need to pay 60 thousand as TDS against the PAN number of the seller. Also when I pay the remaining 10 lac to the Builder, I will have to pay 10 thousand as TDS against the PAN number of the builder.

I understand that I will have to fill the TDS form twice - once for seller's TDS and second time for builder's TDS. But what is the value that I need to fill in "Total Value of Consideration (Property Value)"?

I can think of two ways:

1. Fill the  "Total Value of Consideration (Property Value)" as 70 lac and select installment option. In first installment, I enter seller's PAN. In second installment, I enter Builder's Pan.   

2. I the first TDS form, I enter the  "Total Value of Consideration (Property Value)" as 60 lac and enter the PAN of Seller. In the second TDS form, I enter  "Total Value of Consideration (Property Value)"  as 10 lac and enter the PAN of builder.

Which of the above ways is correct? 

Thanks.

Replies (1)

Fill the  "Total Value of Consideration (Property Value)" as 70 lac and select installment option."
 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 November 2026
Articleship Assistant

B Thejas and Associates

Bengaluru

CA Foundation

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details