25 August 2013
tds to be deducted on all payments made to developer except service tax and stamp duty on sale of property us 194IA as service tax to be paid to department and stamp duty to be paid to govt. this is my view.some developer take stamp duty in company a/c and than pay and some developer take payment directly in govt a/c. My interpretation is that the payment of service tax and stamp duty not liable to tds. Is my view is correct?
25 August 2013
1)In my opinion tds is to be deducted including servicetax
2)Section says imovable property costing more than 50 lakhs,,,here service tax also impose cost..in my opinion . . hence tds is applicable also on service tax in case of 194IA