Hello All,
I have recently sold my flat, the sale consideration of the property exceeds 50L. Buyer of flat has given entire amount to me and he did not cut the TDS amount.
Is it okay if I pay TDS(26QB) on his behalf?
6 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178281 Points)
Replied 24 February 2023
Yes, it can be done.
Otherwise, you will need to give him proof of the assessment (i.e. the deal offered to tax) of the capital gains paid, by way of CA certificate.
sabyasachi mukherjee
(27579 Points)
Replied 24 February 2023
Capital gains is a seperate issue and issue of tds certificate is a seperate issue.
LTCG ATTRACT LONG TERM CAPITAL GAINS.
LTCG ATTRACT LONG TERM CAPITAL GAINS.
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 25 February 2023
If there is only one buyer and one seller, then you can pay on his behalf.
else don't do it.
else don't do it.
CA Mohit Sharma
(Chartered Accountant)
(119 Points)
Replied 25 February 2023
Yes, you can pay the TDS (Tax Deducted at Source) on behalf of the buyer of your flat through Form 26QB.
Chetan Shinde
(3 Points)
Replied 25 February 2023
Thank you all for your inputs,
I am the only 1 seller, in agreement for sale as a buyer there are names of both husband and wife I hope this is considered as only 1 buyer.
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 25 February 2023
2 Bodies 1 Soul is not existent in tax laws.
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