This discussion explores whether Tax Deducted at Source (TDS) applies to maintenance charges paid by a builder to a society for unsold commercial units. The consensus suggests that if these payments are considered a reimbursement of expenses, TDS is not applicable. Additionally, TDS under Section 194C is generally not applicable for payments made by individuals for personal use.
14 August 2024
Sir, Builder is paying Maintenance charges on average Rs 3 lacs on unsold commercial units to Society. Is TDS applicable or note on these transactionm, if not, please give the rule/ circular no. Thanks & regards