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Tds on redevelopment property

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 January 2015 Dear Sir,

i am working in a new construction company
i have paid 12lacs to co.op.housing society for redevelopment.

tds applicable or not?
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CMA MALHAR BEHERA

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CMA MALHAR BEHERA (Expert)
27 January 2015 TDS is not applicable.
The member can get the benefit of exemption for long-term gains of upto Rs 50 lakh under section 54EC.

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