| Question And Answer | |
|---|---|
| Subject: | TDS ON PROPERTY |
| Category: | Income-Tax |
| Querist: | SUMEET |
| Answered by: | Law Intern |
| Tags: | Section 194-IA, TDS deducted |
| Date: | January 26, 2026 |
I have purchase a under construction apartment from a buyer (second party) at total consideration of 15950000 ( including 662605 GST).
In Builder Buyer agreement value of apartment was 13914000 (including 662605 GST)
I have paid Rs 8993000 to first party. Balance I will pay to builder in installments. Today I paid 3350000 installment to builder. I need to 1% as TDS on property.
My query is what amount I need to put in TOTAL VALUE OF CONSIDERATION (PROPERTY VALUE) while paying TDS on installment amount.
Will it be 15950000 OR 13914000 ??
Since you are paying the installment to the builder, the total value of consideration (property value) to enter in Form 26QB is the original Builder Buyer Agreement value of 13,914,000.
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