Hi,
I have purchased a resale residentail property
The total agreement value is 75L
Out of which 30L is to be paid by bank loan
& 45L to be been paid by me.
Have paid 4425000 to seller as 1% tds (75K) needs to be deposited to government
THere are 2 buyers & 2 sellers
So my question is
1) will there be 4 forms of 26QB ? ..
1 st buyer - 1 st seller
1 st buyer - 2 st seller
2nd buyer - 1 st seller
2nd buyer - 2 st seller
2) for each buyer -seller combination what will be the total amount paid ? loan value included?
1 st buyer - 1 st seller 1875000 TDS amount 18750
1 st buyer - 2 st seller 1875000 TDS amount 18750
2nd buyer - 1 st seller 1875000 TDS amount 18750
2nd buyer - 2 st seller 1875000 TDS amount 18750
is this correct
3) Also by when post agreement execution should the TDS be deposited to government.
thanks in advance