Is TDS deduction applicable on compensation/Rent and corpus funnd or hardship money received from Redeveloper?
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TDS deduction on compensation or hardship money as rent or corpus fund
Replies (2)
Sum received by flat owners from developer as corpus fund in regards to hardships caused for redevelopment will be treated as capital receipt and hence not subject to income tax. Therefore TDS is also not applicable.
TDS not applicable..
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