TDS on land property purchase Form-141 related query

[milan bamal]

Purchased Land worth-4 cr

Buyer A and B Equal Ration 50:50(2 Cr Each)

Seller C and D Equal Ratio 50:50(2 Cr Each)

Since there are 2 buyers and 2 sellers, a total of 4 forms will need to be filled by Buyers.2-2 Each

A made a payment of Rs. 2 crore to C

Now, Buyer A is filling out the TDS on Property form in respect of Seller C. Could you tell me what figures should be entered in some of the fields of Form-141?

Total Stamp Duty Value of Property-Will it be Rs. 2 crore here or Rs. 4 crore?

Total sale Consideration in respect of the property-Will it be Rs. 2 crore here or Rs. 4 crore?

Transaction details:

Proportionate amount of Stamp Duty value-Will it be Rs. 2 crore here or Rs. 4 crore?

Amount paid/credited in present transaction-Here, it will be Rs. 2 crore because the payment being made by A to C. is Rs. 2 crore."

[Sanjeev Agarwal]

Assuming Rs. 4 crore is both the total sale consideration and total stamp-duty value, and A/B and C/D each have 50:50 shares:

Form 141 Field - A C	Amount
Total Stamp Duty Value of Property	Rs. 4 crore
Total Sale Consideration / Property Value	Rs. 4 crore
Buyer A's share	50%
Seller C's share	50%
Proportionate Stamp Duty Value	Rs. 1 crore
Amount paid/credited in present transaction	Rs. 2 crore

Why?

1. Total Stamp Duty Value - Rs. 4 crore

This field requires the stamp-duty value of the entire property. It is not proportionated merely because there are multiple buyers/sellers.

2. Total Sale Consideration - Rs. 4 crore

Similarly, the total consideration for the entire property should be entered, i.e. Rs. 4 crore, rather than A's or C's Rs. 2 crore share.

3. Proportionate Stamp Duty Value - Rs. 1 crore

Form 141 calculates this based on buyer's and seller's respective shares:

Rs. 4 crore x 50% (A) x 50% (C) = Rs. 1 crore

Therefore, it is neither Rs. 2 crore nor Rs. 4 crore.

4. Amount paid/credited - Rs. 2 crore

Since A has actually paid/credited Rs. 2 crore to C, this field should be Rs. 2 crore.

Important point

There is a mismatch between the ownership ratio and payment flow:

• A's share in property = Rs. 2 crore
• C's share in sale consideration = Rs. 2 crore
• But A has paid C the entire Rs. 2 crore
• Whereas the mathematical A-C proportion based on 50% x 50% is only Rs. 1 crore.

Therefore, the four buyer-seller combinations should not automatically be treated as Rs. 1 crore each. The actual payment/credit arrangement in the sale deed must be considered while filing Form 141.

For payments/credits from 1 April 2026, Form 141 applies under the Income-tax Act, 2025. The uploaded Income-tax material also confirms the transition from the Income-tax Act, 1961 as amended through Finance Act, 2026.

If the remaining Rs. 2 crore is B D, then the complete filing can be mapped separately for A C and B D.

AI Summary

Joint property TDS reporting requires whole-property values, ownership-based proportionate value, and actual buyer-seller payment details in Form 141.
Form 141 reporting for joint property purchases requires total stamp-duty value and total sale consideration to be entered for the entire property. Proportionate stamp-duty value is calculated using both the buyer's and seller's ownership shares. The amount paid or credited must reflect the actual payment made by the relevant buyer to the relevant seller. Buyer-seller combinations should not be automatically allocated equally where the sale deed records a different payment or credit arrangement.