Hi in case of two buyers and one seller for immovable property. What should be the total value of consideration in the Form 26QB. Should it be the full value or share of value of each buyer.
TIA
Menu
TDS on property 26QB
Replies (5)
Immovable property one buyer or joint property.
TWO BUYER ONE SELLER
Individual share value of the property purchased.
Not likely. Sec 64 will be applied. here tds is applicable but while filing returns disclosure in the hands of the assesse who holds the asset and has a greater income.
Section 194IA applicable to each buyer seperately
Recent Threads
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responcible to pay GST Liability (If Servi
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
Related Threads
CAclubindia
