25 July 2026
Builder has deducted TDS on rent paid on reallocation on account of redevelopment of building u/s 194IC as joint development agreement resulting in capital gains income. However this is not capital gain and this rent is not taxable under income tax act.
My question is how to claim tds as prepaid tax and show this rent income as exempt u/s 10 because there is no specific sub clause u/s 10 to show this.