Form26QB

Amgitha Aravindan (Sr. Executive) (54 Points)

05 February 2019

Do we need to file 2 Form26QBs, if there are two buyers & it is wholly financed by only one of them?

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174763 Points)
Replied 05 February 2019

Yes, if both have rights in the purchased property.

Amgitha Aravindan (Sr. Executive) (54 Points)
Replied 05 February 2019

Thank you Sir.

Should we show the property value in the proportion of ownership or the same gross value for both the buyers?

SANGAMESWARAN.N (Senior accountant) (116 Points)
Replied 05 February 2019

if only one person is financing the purchase then he has to deduct tds and file one 26 QB

Amgitha Aravindan (Sr. Executive) (54 Points)
Replied 05 February 2019

Sir, but the property is getting registered as joint holding with 50:50 share.

Amandeep Singh (7 Points)
Replied 06 November 2020

I HV a query
I HV filed 26 QB now my deal is cancelled
what to do know
am I required to cancel form 26qb

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