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
5 Replies
sabyasachi mukherjee
(27642 Points)
Replied 06 January 2023
Immovable property one buyer or joint property.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183048 Points)
Replied 06 January 2023
Individual share value of the property purchased.
sabyasachi mukherjee
(27642 Points)
Replied 06 January 2023
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.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 07 January 2023
Section 194IA applicable to each buyer seperately
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