TDS on Compensation
This query is : Resolved
AVINASH KAMBLE
(Querist)
28 December 2009
We are builders and Developers. Court case was filed by one of member and it was amicably settled in favour of member and hence we had to pay compensation. Whether TDS is applicable
CA Tilak Raj Sharma
(Expert)
28 December 2009
TDS will not be applicable.
AVINASH KAMBLE
(Querist)
30 December 2009
Pls Explain tds will not be applicable
CA Tilak Raj Sharma
(Expert)
30 December 2009
It does not comes under any section of TDS. TDS will be deducted only if it falls under any section of TDS.
AVINASH KAMBLE
(Querist)
30 December 2009
Section 194LA is applicable or not
CA Tilak Raj Sharma
(Expert)
30 December 2009
196LA is for compulsory acquisition of immovable assets. And you are not paying compensation for any immovable assets.
CA Tilak Raj Sharma
(Expert)
30 December 2009
196LA is for compulsory acquisition of immovable assets. And you are not paying compensation for any immovable assets.
AVINASH KAMBLE
(Querist)
18 January 2010
If the member was complaint against booking it is applicable or not
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