TDS on payment to landlord by builder
This query is : Resolved
28 November 2024
Assessee is a builder and currently start developing a residential apartment. As per agreement the builder has to give 10 flat to landlord. But now the landlord said he will keep 8 flat and two flat he want to sale ( construction is just starting ), the builder agreed to pay landlord the value of two flat he want to sale, now the query is that is TDS applicable in this case? if yes, then under with section the builder have to deduct TDS, please suggest !
28 November 2024
If it is under development agreement sec. 194IC will be applicable.
But if it after the term of agreement, sec 194 IA would apply. So, depends upon the different contracts.
But if it after the term of agreement, sec 194 IA would apply. So, depends upon the different contracts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Taxation on Old jewellery sold
- ITR-Capital Gain
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Reporting in TDS return
- Error in uploading Form 10BD
- Query regarding reporting of exempt foreign remuneration in ITR
- F&O reporting in ITR
- TDS on rent received on hardship compensation being rent on redevelopment of building
- NRI INSURANCE ADVISOR
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
