TDS on purchase of land development rights
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2010
Hiii ,
A private company is engaged in the business of real estate developement.
It wants to purchase a land development right from another private limited company for one of the project. So we are going to pay Rs. 10 croers as land developments right to the company.
So my question is that whether this amount payable to the second co. is liable to TDS ??
If yes under which section..
If possible quote any case laws.( if any)
A private company is engaged in the business of real estate developement.
It wants to purchase a land development right from another private limited company for one of the project. So we are going to pay Rs. 10 croers as land developments right to the company.
So my question is that whether this amount payable to the second co. is liable to TDS ??
If yes under which section..
If possible quote any case laws.( if any)
19 November 2010
TDS will not be applicable.
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