TDS on Property Purchase above 50 lacs or Joint Buyer NRI 26QB TDS on Property Sale & Purchase
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- Опубликовано: 8 сен 2024
- Checkout this Video to know about TDS on Property Purchase above 50 lacs or Joint Buyer NRI 26QB TDS on Property Sale & Purchase
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Recommend Video on Filing 26QB - • How to Fill Form 26QB ...
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Sir,
I also have to show in my ITR as individual, the TDS deducted on purchase of resid. house above 50 lakhs
Good.
Hi ,
The 26QB form requires the following two values to input:
1. Total Value of Consideration (Property Value)
2. Amount paid/credited currently (B)
and if i understand correctly, the first value should include tax/GST paid while the second shouldn't.
Example: Property purchase @ 1cr with 10 installments of 10 lakhs each.
1. Total Value of Consideration (Property Value) = 1 cr + 5% GST = 1,05,00,000
2. Amount paid/credited currently (B) (aka Installment) = 10 lakhs.
3. TDS @1% = 10,000
Can you please clarify if this is correct ?
Hello, Sir you explained very well and easily understandable. Would you please, also explain me property sold in April 2022 when and during which time period return file needs to file online. Many thanks.
Sir yadi sale deed 1 crore ki hai aur 2 seller hai
To fir 2 form 26qb fill karenge
1 form for seller one Sale consideration 1 crore likhenge aur tax 50000
Or
Sale consideration ko hi 50 lakh ker denge aur tax 50000 hoga
Sir, when to fill tds deduction form,as I have done registration of purchase of flat on 11th May 2022.
Good, but time to deposit tds is 30 days from the end of the month in which deduction is made not from date of deduction.
love you online CA
what rate of TDS to be deducted in case of property purchased by NRI in INDIA
Hi , I have one doubt . If one buys more than one property from different seller with each being less than 50lakhs but aggregate being more than 50lakhs , do buyer need to deduct TDS ?
Hello sir, I would like to know that how could this TDS gets adjusted against the capital gain amount?? Can you please share the clause details. Thank u in advance
Very Good Information
sir good infromation .. thanks ... pls guide incase there is three buyer and one seller, then how much 26qb is to be filled.
Check this Video - Recommend Video on Filing 26QB - ruclips.net/video/qvO4PKtfW78/видео.html
if three buyer then required 3 26QB.
What if seller is more than two .... How can we add pan card of both the sellers in 26QB form
Sir, who will deduct tds in case of property purchase if person(Husband) paying sale consideration is different from person(wife) whose name property was going to be
Hi I'm a corporate employee I have purchased property and payed 1percent tds can I claim while filing ITR and under which section I have to file it
We have already form 26 qb but How To claim TDS while filing itr
Where is detail regarding property purchase from NRI
Sir same topic pe ek video Bana do itr file karne ki
Hello Sir I purchased a apartment in Feb 2023. The house is under construction. It will be handed over by Sep 2024. I have paid the builder approx. 50% of the property value. In this case, should I pay the TDS full amount of 1% or pay only a partial amount as per the amount paid to the builder?
Sir What is the difference between sale price and stamp duty price
Hi Sir,
Have you made any video for TDS transfer for immovable property from one PAN to another ?
Husband, wife working hai or First & second applicable hai on flat buy Tao bhi , 50 lacs above tds compulsary?
Property Ragistration & stamp duty bharne ke bad kitne din ke under under tds bharna hey to penalty or let fees nahi lagegi
For NRO /NRE PROPERTY SELLERS TDS DEDUCTION BE SAME OR DIFFERENT PERCENTAGE.
continue button is not working while filing 26qb tds online
I have entered wrong PAN of Seller, can i revise 26QB - Please suggest me on the same
If there r two buyers in name but only one buyer has made the payment then how many form 26QB is reqd to file? Plz advise
Thanks, what is the procedure for NRI selling property in india as well as for companies.
Hey,
how to calculate TDS on value above 50 lakh if there are two seller and both are tax payer
like how to fill form of 26QB is it like two forms of 25 lakh, 25000 tds. please confirm??
How many days I can take after doing the agreement for TDS filling
I HV some dought my self purchaser iam buying property in current month of oct २३,reg and stamp duty paid by same month but vendor said I am mention June month in agreement is it possiblity to I HV charged tds penalty
registry mein ek se jyada naam hai, kya iska matlab yaha ek se jyada seller hai ? aur buyer bhi apni registry mein agar teen naam dalta hai to 3 buyer mane jayenge ? To Form 26QB kya alag alag banega ??
Thanks.
Sir, do we need to pay 1% TDS for under construction property after registration (or completion of project) OR during each installment payment to builder ?
Hello sir
Agar salaried person ko income Mila hai house property se to o konta form bhar sakta hai please advise
While filling form 26QB, there is a field 'Total stamp duty value of the property (C),. What is the meaning of this term and from where to get this amount.
Total stamp duty will be paid on the circle/market value of the property and 1% will be deducted based on the market value. You can take help from lawyer to know the circle rate of the property that you would want to buy/sell.
Thanks for this video and educating us.
I have a question. I am buying apartment from a NRI, and I paid advance of 2 lakhs and didn't deduct TDS.
After he received the advance we made sale agreement, seller applied for Low TDS certificate submitting this sale agreement, and he got the certificate.
Now, my question is what's the TDS % on the advance which is paid before the Certificate issued?
Do we need to deduct TDS when buying property from builder
Yes if the overall consideration of the property is rs.50Lakhs or more.
@@ravichowdhury364 any property in Mumbai will cost above 50lacs but never heard of this from any builder
Thanks, you are best!!!
Nice info
Waht if property value is 50 lacs
sir buyer 16 b nahi de Raha hai ab kaya karna padega please advise
QQ please help - TDS is to be paid on agreement value only or it includes agreement value+gstpaid+stamp duty paid?
My agreement value is 66L but with GST and stamp duty it's is 72 L
As a seller mere pass jo money ayega wo bank main rakhne k badd income tax to pay karna hi padega??
Bhai what if we purchased land from state government then how to proceed?
My issue is I paid TDS on 11/1/2021
Against the amount payment in Mar/2020 property is under construction
Amount paid is grace period given by ministry of finance of India during COVID period
& Builder was not able to claim above amount. account department is telling me to repay the TDS amount 28000
When I have already paid total amount
What is the solution
Me and my wife decided to buy a flat costing 90lakhs in bangalore, I have made down-payment of 25 lakhs and 65 lakhs in form of loan which is disbursed dd is ready. I had no clue that TDS has to be deducted. I have still not gone for registration. What should I do? Please help
Joint owner of property Wife and husband and property value Rs 55 lakh , in this case TDS is applicable considering DELHI high court verdict.
Kindly guide
If i pay through Bank loan which date to be considered for tds payment?
Pls give demo if multiple seller
During generation of 26QB, I did a mistake in property address, can we edit in 26qb, please suggest
Purchased a under construction flat from builder
Basic price 47,00,000
Gst 7,50,000
Edc 4,00,000
IDC 50,000
Sold the property after 2yrs before registry/posession
At above complete amount
59,00,000
Will edc idc gst will be added in total sale consideration for tds deduction in this case
What will be purchase and sale amount in this case for itr/capital gain
Nagar nigam ka agriculture land hai tab bhi hoga kya
I have purchased one flat which is under construction and cost is more than 50L QUESTION Is when to pay TDS by form 26QB after the property agreement or after the sales agreement..?
what if there are 2 joint buyers & only the one owner is paying the whole consideration(partialy by taking loan & partialy by self funding?
Hi Bhawna do you got an answer? I'm seeking the same. please reply if you have an answer
@@rishabhgusai96 yes i got my answer. In this case u need to file only one TDS form in the name of only one owner (principal) i.e who is paying the full consideration & select more than one transferee. Or you can file 2 tds form if any partial amount is paid by co owner but in both the form need to select more than one transferee. Hope it will be help u. Thanks & Regards
Bhawna Sinha
Thank you, I filed it.
Both need to deposit tds in equal share from their own accounts. So, two 26QB will have to filled by wife and husband (assuming the property is purchased by a married couple) respectively. TDS will be 37500 each for total tds amount of 75000 and a sale consideration of 75 Lakhs. Hope this helps.
@@oneofthefw Hi, please reply if you have any answer for this, my condition is i have 2 sellers (one of them is NRI) Buyers are also 2 (Me & my wife), i also have TAM numbers but don't know how to pay the TDS.
Sir , mene ek flat purchased kiya tha jiski value 60 lakhs h mere 26AS me show kar raha h to eske liye me kon si ITR bharni h ? ITR - 1 ya ITR - 2 or me ek salary person hu
Sir if seller ek hai 70lakh ka, aur buyer 2 hai 35 35 lakh ke to tds banega ?
Thanks a lot for this useful information. For joint buyers from an NRI seller, do we need to include the PAN/TAN details of both individuals while applying for the lower TDS certificate?
Hi Raunak, Did you get any reply or solution for this, please reply if you have any answer for this, my condition is i have 2 sellers (one of them is NRI) Buyers are also 2 (Me & my wife), i also have TAM numbers but don't know how to pay the TDS.
Wapas kaise aayega money jo deduct hobchuka hai
do we have to pay the 1% TDS of the agreement value ??
Yes
If i Buy Items more than 50 lakh using debit card in a financial year, do i have to pay tds
Is TDS is applicable on purchasing property under bank auction?
please make a video of 2 buyers and 2 sellers . and in this case i have to submit 4 files ..right?
m little bit confused in filling the price consideration and the where i have to filled the each portion of 4 times TDS
Bhai ye issue solve hogya tha kya? 4 hi form submit kre the kya?
hi i purchased flat for on going construction. it is each part of installment payment. the registration of property not yet done. it should be final hand over. how i can mention stamp duty amount in the TDS payment online??
get it from builder
Sir 130000 lakh ke nri account property khridne me tds legega p jaldi reply digiea
Thanks for informative and helpful video. If A and B ( Husband & Wife ) purchased a residential builder flat of 75 lacs in joint name and entire amount 75 lacs paid by wife. Who will deposit TDS . whether entire TDS anount of 75000 to be deposited by wife or it is partly by wife Rs. 35000 and partly by Husband Rs. 35000. Grateful for your valuable advise .
Both need to deposit tds in equal share from their own accounts. So, two 26QB will have to filled by wife and husband respectively. TDS will be 37500 each for total tds amount of 75000. Hope this helps.
What should be the Property Value in both the 26QB forms ? Will it be the total Property value or split into half? Also if the property value is being split into half in each Form 26QB it may bring the property value to less than 50 Lacs (which is the threshold for applying the 1% TDS)
@@neerajsinha I feel these youtube videos of CAs are just scam and all leading to extract money in the name of consultation...as instead of making it simple they complicate or unanswered or give clarity on real issues and just say what they want to say.... off course we need to understand here they are here to make money too:)!
If you fill the 26QB forms directly from the IT portal by using your pan user id and password and if we mention total value consideration below 50L (split for joint buyers) it gives error message that 26QB is not required as value is less then 50L... so ideally in the total value & Stamp duty of property we have to mention (irrespective of no of buyers) the total value consideration paid by all buyers ... however while filling the payment portion tab there split as per share and TDS of 1% per payment share needs to be mentioned. so ideally in form 16B and 26AS only your payment portion and equivalent of 1% TDS will be reflected... of course all buyers total payment when added will become the total value consideration (stamp duty valuation)
kitne time me tds ki payment update ho jaati h account me..
Agar Maine property 50 lakh ki kharidi to kya tds bharna padega
Hi Sir
If flat has 2 owners and they both are asking to fill tds on only one of them, is any problem for buyer in this case?
Bhai kaise kiya tha firr tumne? Ek ke naam prr hi kiya tha ya dono ke?
Hi Bro, If seller is NRI as well as non resident , then do buyer ( resident of India ) needs to apply for the TAN number , when the price of the immovable property ( ex flat ) is of 70 lacks ?
Also note NRI wants to submit the LDC ( Lower Deduction Certificate ) to the buyer for lower TDS/TCS deduction.
hello Kashish, did you get an answer to this? How did you proceed further?
Please let me know, I am easily found in Linkedin or Facebook
How to Fillup Form 26QB - ruclips.net/video/qvO4PKtfW78/видео.html
In case of 2 buyer and 2 seller situation suppose only 1 buyer has filled 2 form and paid full 1% TDS of Property amount..will it work ?
Again property value of 70 Lac, one buyer filled 35K two forms (70K)
Sir Account sa TDS charges kat Raha hi kya kra
2Joint owner purchase single property then tds limit will be each owner separately or combined?
Please reply
@@santoshsinha664under section 194IA tds will be deduct property wise(single property value 50lacs above) not owner wise whether joints buyer(husband &wife) or buy from joints sellers (2 or more sellers)
🙏
Bhai 2 buyer 2 seller hay joint property.. 4 form kaise bhare?
Each buyer will have file 2 form 26QB... For example... Consider a sale consideration of 60 lakhs... You the joint buyers have 50% partnership... Then for each buyer the sale consideration will be 30 lakhs respectively.
Now if the sellers are having equal partnership then each buyer will have to fill 2 form 26QB of 15000 for each seller.
Hope this helps.
Total tds is 60 thousand which is divided as per the buyer and seller ratio.
Hello Dev,
Please suggest on a query..
If there are two 2 join buyers(father - co applicant and son - applicant) and one seller.
Father has paid half the property price to seller(1st installment) and 2nd installment(remaining 50% when the property is fully constructed for builder buyer agreement) will be paid by son after 4 year.
Then does father needs to file 26QB on the amount he has paid now and then does son has file 26QB to pay after 4years when he pays the remaining amount or do they have file 2 26QB with dividing the 50% presently paid amount for each of them.
Please shed some light with your suggestion on filling 26QB?
2 form 26QB will have to be filled by each of father and son...for each installment to the builder whenever it is today or later in the future.
How I can download my filled 26QB plz provide procedure
Sir tds ka credit kise milega ??
contact us for tax consultancy and claiming tds refund
Sir
My agreement value is 44 lakhs. Flat is underconstruction & stamp duty registration charges 294000 & gst is 222000, Development charges is 2,60,000. Should gst & stamp duty included to calculate total sale consideration. My builder demanded 1% on all above transactions. is it legal or if gst/stamp duty tax is not incluuded then my sale value goes below 50 lakhs & no tds applicable.
Sir, if the value of property is 2 Cr.. and there are 2 joint buyers. In form 26qb, what should be the value of the property for each buyer form?
If equal partnership then 1 crore each.
Hello Dev, one question how TDS is applied in case of 2 joint seller(father and son) and if father is in Indian resident and son has moved abroad for work on work visa and has pan card in India.
Father has General Power of Attorney on behalf of son. All transactions will happen to father account who are Indian resident. Property sale agreement value is less than 50 Lacs in Maharashtra Pune.
And no amount being paid to his son all amount will be transferred to his father living in India.
So in this case what will be TDS applicability?
if amount is less than 50 lac then TDS is not applicable. but father have to show sales amount in the ITR.
@@myonlineca Thanks :)
@@myonlineca Sir Please reply to above model question in case 51 lakh sale amount to get knowledge to all subscribers.
This is a useless video, it is just going through the different fields, How to fill up those fields for NRI/joint buyers is not mentioned. For example, for multiple buyers, should the amount paid/credited be split up proportionately?
I have entered wrong PAN of Seller, can i revise 26QB - Please suggest me on the same