IF DEVELOPER OR CONSTRUCTION PVT LTD COMPANY PAYS ANY COMPENTATION TO THERE TENANT FOR REDEVELOPING . THEN
IS THERE ANY TDS OR ANY OTHER TAX IS LIABILE ?
LET ME KNOW .
Bimal Mehta (Senior Accountant & finance managerial) (180 Points)
13 April 2010IF DEVELOPER OR CONSTRUCTION PVT LTD COMPANY PAYS ANY COMPENTATION TO THERE TENANT FOR REDEVELOPING . THEN
IS THERE ANY TDS OR ANY OTHER TAX IS LIABILE ?
LET ME KNOW .
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 13 April 2010
TDS U/S 194 C shall apply, if there is an agreement between the company & the said tenant for any compensation thereof.
regards,
ratan
CAclubindia
