Corpus


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 June 2012 Will tax be deducted from corpus or is it Tax free?

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.
.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
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.

24 June 2012 Builder is not required to deduct TDS.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details