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TDS on land property purchase Form-141 related query
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....DS on land property purchase Form-141 related query<br> Query (Issue) Started By: - milan bamal Dated:- 3-8-2026 Last Reply Date:- 3-8-2026 Income Tax<br>Got 1 Reply<br>Income Tax<br>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-....
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....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? Trans....
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....action 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." Reply By Sanjeev Agarwal: The Reply: 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 s....
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....hares: 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 ....
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....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 o....
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....n 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 sh....
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....are 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....
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.... 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.<br> Discussion Forum - ....
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