24 June 2012
As corpus fund is not paid in the nature of income, it forms part of the capital of the trust or the donee, no TDS is required to be deducted. . TDS is required to be deducted - 1. When the payment being made by you is being received as an income by the recepient. 2. Specific provisions for TDS are prescribed for such payments. .
24 June 2012
This is in case of redevelopment of housing society. Builder wants to know if to pay to the society and society pays the members or to pay directly to the members and if to deduct TDS on the same.