Tds applicability

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Hi,

Matter Out of court settled and compensation of Rs 2 Crores paid to opposite party.

Que 1. Whether TDS applicable for such payment ?

Que 2. Is this payment allowable as expenses in the books of payer?

 

Replies (2)
Compsn fr wt ? If for property thn yes

No, it is not for property. Its Defamation case and settled out the court. Pl guide now.

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