Property value to be filled in 4 tds forms

Vaibhav Barve (Querist) 13 July 2021 This query is : Resolved
Me & my wife have purchase flat as joint owner. Current owner of flat is also on joint name (husband & wife) need guidance on TDS payment. my 3 queries are as under :

Property price is 1.20 CR, what value should we update in "Total Value of Consideration (Property Value)*

How many transaction i need to do. (2 buyer & 2 seller).. pl share example and value breakup. (TDS and Property value to be udpated in each form)

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Quick Summary

This discussion addresses queries regarding Tax Deducted at Source (TDS) payments when purchasing a property as joint owners. The main concern is how to correctly report the 'Total Value of Consideration' on the TDS form when the property price is £1.20 crore. It also seeks clarification on the number of transactions required and how to break down the property value and TDS for each buyer and seller in the relevant forms.