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TDS on Transfer development rights

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12 April 2024 TDS on Transfer development rights Applicable? if Yes then under which sec and form type ?

12 April 2024
Liability to deduct TDS on payment made under Joint Development Agreement (Section 194-IC) Under JDA, where the real estate developer pays any monetary consideration in form of cash or any other mode in addition to the share in the project, then the developer shall be liable to deduct TDS @10% on such payment.

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