Form 26QB Total Value of Consideration (Property Value)

TDS & TCS 1961
22

Hello @Onkar_Kulkarni ,

TDS deducted on property is filed using form 26QB. As per the laws, if you are paying any part of the property value in instalment, then you need to deduct TDS from every payment and report a separate form 26QB for each payment.

23

Hello ,
I had one basic query related to the Total value of Consideration. Do we need to include the additional charges(PLC, Club Membership, Power BackUp etc) in the total consideration value or it should just be the basic selling price (excluding GST)?

Thanks a lot.

24

Hello @RaghavSethi

When filing Form 26QB under, the Total Value of Consideration should include not just the Basic Selling Price, but also any additional charges that are integral to the transfer of the property.
Items that are included in the total value of consideration:

  1. Basic sale price
  2. PLC
  3. Club membership fees
  4. Power backup charges
  5. Parking charges
  6. Maintenance charges and other charges that are included in your sale agreement
    But the total value of consideration does not include GST.

Hope it helps!!

25

Hello @Priyanshu_Agarwal ,
Thanks a lot for taking out your time and replying to my query.
I have 2 more queries in same context.
1-If builder is asking to pay TDS only on BSP(without PLC and others), then what should be done?
2- The answer which you have provided, does it apply for total stamp duty value of the property as well (it also includes all charges)?

Thanks a lot.
Raghav Sethi

26

Hello @RaghavSethi

  1. If your builder is asking to pay TDS only on the basic selling price, then you should deduct TDS on the basic selling price only. In such a case the total value of consideration should also be only the basic selling price and should not include the other charges.
  2. Yes the previous answer also applies to stamp duty value of the property.

Hope this helps!!

27

Hello,
1.Can I pay 1 % TDS at one go ( instead of paying by installment) if I am planning to pay developer in 3 installment in future ?

28

Hello @Paras_Dedhia

Yes you can pay the whole TDS amount for the whole consideration amount instead of paying it in instalments.

Hope this helps!!

29

Hello, if husband and wife are joint owners of flat ( 50 percent share each) , but payment contribution is 70 percent and 30 percent of total amount. 1 percent TDS deduction should be proportionate to payment contribution ( 70 % and 30 % ) or 50 percent each ?
Thank you

30

Hello @Paras_Dedhia

If husband and wife are joint owners of a flat with a 50:50 ownership but their payment contributions are 70:30, TDS under section 194-IA should be deducted based on the actual payment made to each. That means 1% TDS should be deducted on 70% of the total consideration for the husband and 1% on 30% for the wife, provided the contribution split is clearly mentioned in the sale deed. Otherwise, TDS is to be deducted equally (50:50).

Hope this helps!!

31

Thank you very much for prompt reply.
There is a confusion and diffrence in opinion regarding column -
" Total value of consideration ( property value)" - Do we need to enter total property value or half of property value, considering joint buyers with 50 percent share ?

Also, total stamp duty value of property ( C) - Do we need to enter total property value or half of property value, considering joint buyers with 50 percent share ?

32

Hello @Paras_Dedhia

Total value of consideration (property value)" should reflect the full value of the property, not just the individual share of each co-buyer. Apportioning the value among co-buyers is only necessary for the “Total stamp duty value of the property” and the “amount paid/credited” fields.

Hope this helps!!

33

Hi,

I hope you filed Form 26QB by entering the full consideration value of ₹1 crore (e.g., if the property is valued at ₹1 crore and you own a 50% share while your partner owns the remaining 50%), and entered the amount credited to the seller as ₹50 lakhs and the stamp duty value as ₹50 lakhs, and your partner entered the same in their Form 26QB. I hope the seller’s AIS correctly reflects the total value as ₹1 crore instead of ₹2 crore, and that you did not receive any notice from the Income Tax Department. Please confirm, as I am in the same situation and your answer will help me.

34

Hello @SNED - Did you mention the Total Property Value in “Total Value of Consideration ( Property Value )” or only the proportionate amount? I am assuming there were multiple buyers and multiple form 26qb filed. Let me know if that is not the case.

35

Form 26QB’s Total Value of Consideration refers to the complete property value agreed between buyer and seller. It includes the sale amount and related charges, ensuring accurate TDS payment during property transactions.

36

Hi, I have bought a property with my wife (50:50) and paid more than 15 installments. However I have made all the payments so only I have filled 26QB, She hasn’t filled any. Is that okay? What should I do?

37

Hey @vs1122,

Welcome to the community!

In a joint property purchase, each buyer must file Form 26QB separately, based on their share in the property, not based on who actually made the payment.

Since the property is owned 50:50, both you and your wife are considered separate buyers under TDS rules. That means:

  • You should file Form 26QB for your 50% share.
  • Your wife should also file Form 26QB for her 50% share.

Hope this helps!

38

@Priyanshu_Agarwal Requesting for guidance regarding an issue in TDS deduction in Form 26QB under Section 194-IA.

The full property payment was made in three instalments:

  • First payment – May 2025:
    At this stage, by mistake, 1% TDS on the entire consideration value was deducted and deposited in one go through Form 26QB, instead of deducting TDS only on the instalment amount actually paid.

  • Second payment – October 2025

  • Third payment – March 2026 (now completed)

Issue: Although 1% TDS on the total consideration has already been deposited during the first payment itself, only 1% of the first instalment amount is appearing in the seller’s Form 26AS. This is because, at the time of filing Form 26QB, the “amount paid/credited” was mentioned only as the first instalment amount.

Now my questions are:

  1. Should Form 26QB be revised by increasing the “amount paid/credited” to reflect the full consideration value?

  2. Or should we apply for a refund of the excess TDS deposited and then file fresh Form 26QB for the October 2025 and March 2026 instalments (with applicable interest/penalty)?

  3. What is the legally correct and safest way to regularize this situation?

I would highly appreciate your guidance on this. Thanks in advance.

39

Hello @pushpak

The correct and safest way is to file a correction request of 26QB correcting the amount in “Amount paid/credited field” on the TRACES portal.

Hope this helps !!

40

Total Value of Consideration in Form 26QB refers to the complete sale price of the property agreed between buyer and seller, including all charges and payments.

41

What does “Total Value of Consideration” mean?

It means the full amount you are paying to the seller for the property, including:

:white_check_mark: Included:

  • Agreed sale price of the property

  • Charges that are part of the deal, such as:

    • Club membership fees

    • Car parking charges

    • Maintenance charges (if included in agreement)

    • Advance payments tied to purchase

:backhand_index_pointing_right: Basically, everything you pay to the seller as part of the property deal.

:cross_mark: Not included:

  • Stamp duty

  • Registration charges

  • GST (if separately charged)

  • TDS itself

:bar_chart: Why this matters

Under Section 194-IA:

  • If property value ≥ ₹50 lakh → TDS applies

  • TDS rate: typically 1% (may vary based on PAN/Aadhaar rules)

:backhand_index_pointing_right: TDS is calculated on the higher of:

  • Sale consideration

  • Stamp duty value

:abacus: Example

  • Property price: ₹60 lakh

  • Stamp duty value: ₹65 lakh

:backhand_index_pointing_right: You must enter:

  • Total Value of Consideration = ₹65 lakh (higher value)

:backhand_index_pointing_right: TDS = 1% of ₹65 lakh = ₹65,000

:warning: Common mistakes to avoid

  • Entering only base price (ignoring other charges)

  • Not comparing with stamp duty value

  • Filing incorrect amount → can lead to notices or penalties