Form 26QB Total Value of Consideration (Property Value)

TDS & TCS 1961
42

what was the solution in your case then ?

43

In Form 26QB, the “Total Value of Consideration (Property Value)” should be the full property value, even if there are multiple buyers.

For example:

  • Property value = ₹1 Crore

  • 2 buyers with 50% share each

Then in both Form 26QB filings, you should enter:

  • Total Value of Consideration = ₹1 Crore

  • Amount Paid/Credited to Seller = ₹50 Lakhs (individual share)

This is clarified in the discussion on QNA Tax Forum and also reflected in Income Tax filing instructions.

1 Like
44

Hi All, does any one have the exact answer for the following scenario:

If we buy a house from state authority for 100 but get a 10% rebate then.

What will be the sale consideration, stamp duty value and transaction amount?