Tds on purchase of residential flat

Yesterday, we purchased one residential flat for total consideration of 7912440 Rs.

 

the builder has asked us to pay 79124 rs via TDS.

 

Since there are 3 buyers (3 fund contributing buyers) and one seller, three FORM 26QB has to fill.

 

After selecting "YES" in the section, are there any multiple buyers involved, in what to do next?

 

Question 1 - 

 

What is required to fill the section of "Total Value of Consideration (Property Value)*" is it 7912440 or 7912440/3 = 26374Rs 

 

What is required to fill in a section of the amount paid/credited? (

 

is it 7912440 or 7912440/3 = 26374Rs 

 

 

 

Question 2 -

 

Builder is asking entire TDS even though payment will be made in instalments, can we pay the entire TDS to the builder in one go and not at the time of making each instalment payment to the builder? as i don't have any problem paying in one go. (since there is no revenue loss to the govt, assuming they won't be bothered if we pay in one go)

 

 

 

Reply and thanks

Replies (1)

Are you going to complete the total transaction by end of March 2022?

If yes, you can pay total TDS in one go.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details