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TDS ON COMPENSATION PAYMENT? (Income Tax)

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This query is : Resolved


( Author )
03 April 2008

Whether TDS should be deducted on the compensation amount paid to the land owner for not making the payment to him in time?

if yes under which section?


S.Srinivasaraghavan

( Expert )
03 April 2008

What is the exact wording of the terms and condition that require payment of this compensation?


CA. Dashrath Maheshwari

( Expert )
05 April 2008

No,
..No TDS will be deductible from such payment.
because this is a penalty only and not a commission.


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