Tds
This query is : Resolved
girish m r
(Querist)
28 November 2014
Dear Sir,
We are builders and developers, sold developed plots, by providing all amenities like Roads, Club house, Swimming pool etc, The plot was sold considering all the above facilities, now we were not able to complete the swimming pool and the assoication of the plot owners are asking for the refund of the amount i.e, cost of swimming pool of 14 lac to the association fund, kindly let me know whether we have to deduct, TDS on re-payment of the same, since i have considered cost in income.
girish
We are builders and developers, sold developed plots, by providing all amenities like Roads, Club house, Swimming pool etc, The plot was sold considering all the above facilities, now we were not able to complete the swimming pool and the assoication of the plot owners are asking for the refund of the amount i.e, cost of swimming pool of 14 lac to the association fund, kindly let me know whether we have to deduct, TDS on re-payment of the same, since i have considered cost in income.
girish
Rupesh Jain
(Expert)
28 November 2014
NO THIS AMOUNT FOR NOT DOING THE WORK YOU ARE RETRUN THE AMOUNT . THEN TDS NOT APPLICABLE
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