TDS on property with stepwise Form 26QB Filing | JOINT BUYER and JOINT SELLER ft  

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I am a CA final year student, sir you are doing great job, I already have a conceptual knowledge but i am enjoying your detailed videos and gain practical clarity. Thanks❤ 👍

Congratulations Vivek, You made an honest attempt to cover the topic in detail.. much appreciated ! I am sure your passion for the detailing will make you a great youtube influencer in future ...

Sirji iam undergraduate but after veiwing your video I have filed around five 26qb. Thanks and regards ❤

Appreciate your passion and appreciate to help general public who don’t have much tax knowledge. Please make a video on final installment of TDS payment. Thanks for the guidance. What about the LAST and Final installment. Here “Amount on which TDS is to be deducted (D)” is showing a total stamp duty value (C) or sum of previous amount paid (A) and Current amount paid (B). In my case A+ B is same as C. The D should show amount of B but showing full stamp duty qmount C. This is final installment. How to calculate TDS. So far all TDS installments paid perfectly and processed by IT. Few others in comment section requested same question. Please address TDS on final installment in case of single buyer and single seller. Searched so many RU-vid videos but no one addressed this final tds installment topic. I am not sure if it’s portal error or shall we need to enter exact 1% TDS manually as per final installment irrespective of amount mentioned in column D. Please address this topic. Thanks a lot!

Thanks againn, you are very helpful always. last time you helped in filing FNO IT return by clearing a doubt that audit is not required. Today also you helped by clearing query that co buyer need to show 50% property value in his TDS form !! Great you are !

Very precisely explained. Thank you you sir. God bless you.

No one can teach like you, you are the best one, Amazing 😊 By.....Advocate Arshad Ahmad, holding COP, issued by Bar Council of India, 15 year's experience in Accounting and Taxation, practicing in Income Tax, GST, Tax cases proceedings, GST Audit cases, GST SIB cases and GST appeal.

Thanks for the detailed video. What if the co-owner is there but home loan is paid by only the single owner? In this case also do we need to submit 2 forms?

thanks sir for detailed explanation.have 1 query. 1)if agreement value is of 1cr and there are 2 buyers(60% & 40% ration) and 1 seller. So in form 26qb i have mentioned 60Lacs for 1 buyer and 40Lacs for 2nd buyer in below fields. Is this correct? Total Value of Consideration (Property Value) * Amount paid/credited currently (B) * Total stamp duty value of the property (C) * 2)Also the 1% TDS Amount is not coming automatically for me,so i do need to manually enter and move ahead?

excellent video. Your video helped me to pay TDS for the apartment that i purchased and also download the 16b form. Thanks.

Thanks for wonderful explanation The one point which is still confusing is to fill 2 26QB form for 2 purchaser [primary, co applicant in registration] like your mother or spouse. Take example of 1cr property case we end up paying TDS twice ??

Your video helped me to fill form 26QB correctly. Keep up great work

Aj hi mujhe bhut sari queries aai thi 26QB me thanks aa lot sir it's very very helpful.. Happy republic day to everyone

Only video on you tube that answers everything, many many thanks

First thank you so much for your detailed description, this really helps! Second, I have a doubt on the property value. Considering property value 1Cr, If two(2) buyers then for each 26QB what should be the property value? 50lac each or in both form I have to mention 1Cr?

Very good video bahut ache dang se samjhate ho sir.

Dear Vivek, With help of your guidance, I was able to deduct 1% TDS and deposit it to IT successfully. Thank you very much for helping us. 🙏🙏

Thanks for this video.I have paid my TDS on property.I have referred your video for the doubts.For this payment the charge for CA was 4500/-😮. Thank you so much and all the best 😊.

The best video on paying TDS on youtube, solution to every query i had. thanks a ton guys

आपका समझाने का तरीका अच्छा है सर. 🙏

Wonderful video and Absolutely great details you have covered. I totally enjoyed the information. One scenario to Understand: when we make sale agreement/MOU for a flat and pay 20% initially and then after a month we pay the 80% and then execute assignment agreement from the builder and then register the property. Does this falls as installment payment of TDS or lumpsum? (of course it is full payment but the full payment is paid in the san of 2 months. How should this be treated.

With consideration value of 58L as per agreement to sale,I have made payment of 14L to seller and rest 44L is awaited from bank as loan. We are 2 buyers but I would like to pay all the TDS alone. Is it allowed/possible? Should I pay all the TDS on or before bank release the loan amount or shall I go with installment option, please suggest?

Great information Vivek. I could file the TDS myself after watching your detailed step by step and easy way of making understanding to all. Please keep up good work and best wishes to you. Stay blessed.

Hi, Thanks for information video, One Query - If Total property value is 60 Lacs, and their are 2 Buyers and 2 sellers, all equal proportions. Then there will be 4 26QB form, in each payment of tax will be 15,000, which is 1% of 15 Lacs. But what will be 'Property Value in all four 26 QB forms, will it be full value 60 Lacs OR proportional value 15 Lacs.

Thankyou for a very detailed video. Solved a lot of queries. I have one question: What if there are 2 sellers and one of them has given NOC to not receive the sale proceeds. Do i need to fill 26QB for that seller?

Thanks for the useful video. Can you please tell me is it mandatory to fill TDS for co-buyer ? e.g. - I purchased property under construction of Rs 90 lac. Applicant as me and co-applicant as my wife. I have to pay in installment to the builder. In first installment I paid 28 lac to the builder and I paid the TDS amount. Now in next installment of Rs 7 lac - paid via bank ( as loan amount ) to the builder. In this case - if co-applicant file the TDS ; how much contribution to be mentioned in the field ( Total Amount paid/credited in previous installments ? ) will it be 28 lac or 0 ?

Though lengthy video, but very useful and covered all details. I was able to pay TDS for multiple buyers and multiple sellers. Thank you FinTaxPro team for this video.

Sir the way you are really explaining both gst and income tax I have ever seen.

Tnks.. Great Knowledge Sharing. Pls guide me regarding 1 Seller and 4 Buyer . Eg Total Value is 2.4 Cr, then Each Buyer has to do TDS for 60 Lak as total Sales Total Consideration.. Right.. Pls Guide and confirm. Which is Rs 60 K per TDS. So 4 Buyer will do the same.

Very informative and detailed video.

awesome... real learning on youtube.

Exact vedio that i was searching for. Everything in 1 vedio 🙏

This video is very useful for us sir. Request you to discuss on Rera accounts. And there compliance.

Thank you sir for the video. I just have one small query, suppose, mom is co-borrower as per agreement, so in "whether more than one buyer?" , can I select as NO and file the entire TDS amount with my pan only ? Because mom is not earning, its just she is co-applicant. Please answer. Thank you.

Please guide - In case of last installment - we have to enter the stamp duty value and portal consider this amount for tds calculation. Is it a portal error??

Nice explanation though I have 2 doubts 1. Whats is case if we are buying the property from directly from builder (Under Construction Property) 2. Even if there are 2 buyers (co-applicant) can only one pay the whole TDS amount against the new property ?

Sir - Thanks a ton for the detailed video. I have a typical scenario while filling the form 26 QB. I as an individual, paying to the builder ( a company). On step 3, under Major Head, I see "Corporation tax (0020)" whereas in your video it was "...(0021)". I had raised this with IT portal but I did not hear from them. Can u suggest if this is Ok or an error ?

Thank You Sir. Very Helpful session. Please also make a video of correction of 26QB as one of my case required to be correction.

the TDS need to be submitted on the value without GST or with GST?

One thing clarity required from you is while paying lumpsum amount in case of joint buyer, stamp duty value shall be split or full value to be shown ?

Hi I had made the payment of sale consideration 90 Lacs however builder asks for developing charges 2 lacs. In this case shall i show the sale consideration in 26QB as 92 lacs? also my stamp duty value in this case?

Sir, Need a small clarification in case of 2 buyers and 2 Sellers. While 4, 26QB forms needs to be filled here (2 each by Buyer for 2 Sellers) in proportion to the seller's ownership, need to understand the total consideration amount to be mentioned on each 26 QB. Do we need to keep it same as the gross value or do we need to divide it in proportion to the seller's ownership. Like if sales price is 1.3cr, do we keep it same as consideration amount or what do we need to mention there.

Sir , i planning to buy under construction project in resale Where total value of flat is 80 lakhs and owner had paid 40 lakhs installments with tds to buider. Now in resale i am buying the right from him paying 40 lakh to him. Rest 40 lakh will paid to builder when installment is due . On what amount i need to deduct TDS on 40 lakh or 80 lakh ( Stamp duty)

Dear Sir, your explanation was good. But I have a query regarding lumpsum payment. If 30% amount paid to seller by my self on agreement date and 70% through bank. Both the amounts paid on different months then will it comes under installment/ lumpsum. Please clarify.

I purchased flat for 67 lakhs, 1 seller and 2 buyer. Lumsum payment. While submitting 26qb from my account what should be value? 67lakhs or 33.5 lakhs?

Best video related to TDS till now on you tube❤

Hello, In case of multiple buyers, do we have to fill multiple 26QB or only 1 filing in enough. Also, if file multiple, there is box for valuation of property, will it be full buying amount ? Thanks

This session was very useful. Explain clearly 🙏

Buyer ki definition kya hai , I am paying for the property but my wifes name will also be in the registry , so yaha buyer ek hai ya dono ko bharana padega TDS

I have a question. If I have paid 50% of the amount as installment from my PAN and now want to pay the remaining 50% TDS from my wife's PAN then whether I should select it as a "Last Installment"? and also should I need to mention the previously paid 50% amount in "Previously paid installment"? Please guide!!

I have bought a property with my wife as co-buyer. I am only earner in my family. Can i file single 26QB with full payment of 1℅ tds. Or wife should also file separately of half of that 1℅ tds? Please guide me 🙏it's urgent

U saved my Rs 5000 which my CA was asking, thanks bhai 👍

Sirji very deep knowledge sharing, I detail discussion.

suppose i have bought a property which has not handed over to original allotee.Allotee has paid about 75% of flats' cost.As per deal i am supposed to pay 75% of payment to allotee and 25% of deal value is to be paid to builder at the time of possession. my query is whether i am supposed to mention 2 seller while filling in the tds form or not?

If property is purchased jointly but seller is one, then what amount to be shown in "value of property" field in 26 qb of each puchaser. Is it total value of property or is it proportionate value. Plz clarify.

Sir, If Property total consideration is Rs.60.00 Lakhs, Advance paid Rs.5.00 Lakhs rest Rs.55.00 Lakhs will be paid after 3 months after loan clearance. So TDS on Rs.5.00 Lakhs will be paid as Installment or Lumpsum?? and after loan clearance TDS on Rs.55.00 Lakhs will paid as Installment or Lumpsum??

Nice explanation sir. But plz clear me jo payment bank ne as a loan buyer ki or se seller ko kri hai or Us payment par bank tds Kat chuka hai to Hume to us payment ko tds deduction me nhi Lena na

Sir, Namskar - Mera agreement 30/04/2023 hai or Flat agreement Cost 70 lakhs hai or mai Downpayment 25 lakhs karne wala hau or baki ka 45 lakhs bank se payment - To mera sawal hai ki mai 25 lakhs ke uppar TDS cut karu ya 70 lakhs ke uppar cut karu 2) or TDS payment aaj karu yani 27/04/2023 karu ya agreement hone ke baad karu

Sir if we are 2 buyers each has 50% share. And assume property value is ‘X’. What will be the following value for each buyer. 1. Total Value of Consideration (Property Value) 2. Amount paid/credited currently 3. ⁠Total stamp duty value of the property 4. ⁠Amount on which TDS to be deducted? Please tell these 4 values.

Sir app lagend ho app ki vajah se aisi chije me sikhne ke liye mili jeske liye kafi vedio dekhi par samajh me nahi aya

Sir ji hamare pass TAN Number bhi hai. Kya hum TAN number se tds deposit karenge ya fir PAN se...Aur hamari date of agreement to sell 2 instalment pay karne ke baad ki hai...

fantastic presentation......

In case of 2 buyers and 1 seller for flat costing Rs 2 Cr, I am filling 2 forms. In each form what should be "Total value of consideration" and what should be "Total Stamp duty value of property" ?

Sir property sale value is 1.2 Cr from NRI seller, if 2 buyers jointly purchasing it, then individual share will be 60K then what will be the surcharge added by each individual during tds ? Is it 10% as individual share is less than 1cr or 15% as total sales value is more than 1cr ?

Thank you so much sir your video cleared my all doubts

SIR YOU ARE DOING A GREAT JOB

Please make a video on final installment of TDS payment. Thanks for the guidance. What about the LAST and Final installment. Here “Amount on which TDS is to be deducted (D)” is showing a total stamp duty value (C) or sum of previous amount paid (A) and Current amount paid (B). In my case A+ B is same as C. The D should show amount of B but showing full stamp duty qmount C. This is final installment. How to calculate TDS. So far all TDS installments paid perfectly and processed by IT. Few others in comment section requested same question. Please address TDS on final installment in case of single buyer and single seller. Searched so many RU-vid videos but no one addressed this final tds installment topic. I am not sure if it’s portal error or shall we need to enter exact 1% TDS manually as per final installment irrespective of amount mentioned in column D. Please address this topic. Thanks a lot!

Can you share the steps of 2 seller online? I know how to calculate but getting confused in filling the forms on step 3.

Super sir Fantastic explaination

Sir mai recently nayi apartment book ki hai advance amount 10% pay krdi hai maine. Builder Allotment letter and sale and construction agreement abhi issue nahi kiya hai par payment kiye hue 1.5 mahine hogye hain to form 26qb aur form 16b mujhe file krdeni chahiye ya agreement ka wait krna hai sir builder ki taraf se?

If there is loan on house property and sale proceeds are used to close the loan. On what amount TDS shall be deducted ?

Thanks I was Looking for this sort of video for case of 2 Buyers and 2 sellers. In my case total lumpsum consideration value is Rs. 54 lacs. So with 2 buyers and 2 sellers the total consideration value should be Rs. 54 lacs or Rs. 13.50 lacs? Kindly confirm. Since the 26QB considers only stamp duty value for 1% TDS calculation. So I have to input Amount paid/credited currently (B) - Rs. 13.50 lacs and Total stamp duty value of the property (C) *- Rs. 13.50 lacs so that 1% TDS is Rs. 13,500/- for each 26QB Form so that the aggregate TDS is Rs. 54,000/- which is 1% of total lumpsum consideration - Rs. 54,00,000/-. This is correct , Just kindly confirm the value for each of 4 nos. 26QB forms- Total Value of Consideration (Property Value) *, Amount paid/credited currently (B) and Total stamp duty value of the property (C) *.....Thanking you in Advance. This will clarify all doubts for Multiple Property Buyers.

Hi. Amazing tutorial on this valuable topic. Thanks. If I am adding my spouse as co-owner and all the payments are done only by me then one form26qb by me is enough?

What will be the case when property purchase in co-applicant than where 2 form of 26QB is filed or single both had made a payment of that property???

Very very informative video THANKS!!!

Sir agar buyer company ho to kya wo v income tax portal se hi hoga sir

Dear Sir , Recently My spouse and me bought an apart in hyderabad and the registration is completed on 11th may 2023, during this process we are not aware about TDS . While we are collecting the documents from the registration office , we have been informed about TDS. We have paid about 45L through NEFT and rest 90L through bank loan. Now the Seller is not agreeing on TDS , he is asking us to pay TDS even after paying the full amount as per SALE agreement. Unfortunately the Seller is an NRI , so the TDS is about 20% which is asking to pay us to Government INDIA. What are the option we have here ? do we need to make excess payment to the seller in this case ?

@skillvivekawasthi - Thank you for detailed video tutorial. Can you please let me know what should be the "Total stamp duty value of the property (C)" in case of 2 Sellers. Example - "Total Value of Consideration (Property Value)" is 1 Cr. and there are two sellers, I am assuming the "Total stamp duty value of the property (C)" would be 50 Lakhs and there would be two form 26QB to be file. Hence the total TDS would become 50,000 (First form 26QB) + 50,000 (Second form 26QB) = 1 Lakhs which is the 1% of 1Cr. Can you please confirm if my understanding is correct?

Sir, need advice, 2 buyers, 2 sellers, Total value:70L, each 50% share, what shall be the total stamp duty value of property

Really Sir apke jitne bhi video hai bahut khatarnak hai i mean bahut jabardast hai...........

Thank you so much sir for sharing. ❤ It was quite useful and understandable.

In case joint buyers of property , only one person is paying the amount thru loan, then can we fill one 26qb?

Thank you sir 😌 But sir in case more than buyer and more than seller How to file 26Qb

Sir, which ITR file I should fill after selling my flat. Where should I fill 194IA part. Is it possible to get back 1% TDS while return

Very fine explanation 🌺🌺👍👍

What will be the total value of consideration in case of two buyer and two seller if property value is 1 cr? 25 lakhs or 1 cr?

@fintaxpro , i have a co-owner in the house that i have brought who is my mother. but the i am the one who is paying the entire amount through loan and self payment, so how many buyer will be there? one or two?

In case of under construction resale property. What should be mentioned in - "Total amount paid/ credited in previous installments, if any (A)".Shall we mention the amount paid by the previous buyer? Will the income tax department ask for the previous TDS document?

Thanks bro. Very elaborative and completely clear

If I mention that there are two buyers in one 26QB form and do not submit two 26QB forms as I only will pay the total TDS, then will there be any issue? Please clarify once. ( I have already showed entire property value for my 26QB form and already paid the TDS till now for the part payment loan).

What we have enter the Total StampDuty Value, in case of Two buyer and Two saler case of each of 50% partner. Also have to pay the Lumpsome amount in one go. lets us say total stamp duty value of the propery is 70000/-. I understand that four forms each with having total amount / 4 is applicable. But is the stamp duty and property value enter should be divided by four or the actual value.

What will be consideration value ,when two Byers paid equal contribution Example 2cr flat cost 1cr will be pay by each byer.

Does registrar also send information of seller on property sale above 50 lakhs

Sir Esi ka video ka to wait tha thank you sir

In my case, I have one buyer and 2 sellers. 1cr is the property. I need 2 26QB's. So should I put the Total Value of Consideration (Property Value) as 1cr and Payment type as Lumpsum and Amount paid/credited currently (B) as 50Lakhs. Please guide me

If there are 2 sellers, what will be the property value for both 26qb ? It will be 50 percentage for both?

How many days Traces website take to generate Form 16B after filing 26QB?

How will I know that the form 26QB that I have filed has no issues. When will I know this?

very informative session.cleared each and every doubts