Dear All,
We have project under Joint Development where full consideration our company is receiving and portion of consideration is paid to Land Lord as his share in Revenue in 'Revenue Sharing Model'. Is TDS under 194IA is applicable on payments made to Land Lord by builder?
Regards,
Anukool Jain
NO, you are not required to deduct TDS .
the amount you received ( i.e the full consideration ) must be already after 1 % TDS , you don't have to deduct additional TDS on that .
Yes we are receiving after 1% TDS that is our Transaction with our coustomer that is saparate transaction and as builder, this is saparate transaction with Land Lord.
yes , but the transaction beween you and land lord does not include sale of immovable property . does it ?
well i dont think so , Ttarget='_blank' rel='nofollow' hrefORE you are not required to deduct tds on that money u/s 194IA.
HOWEVER you have to think of the applicability of 194C some how .
let me check one thing.
NO , 194C also not applicable .
I'll love to see further comments on this topic.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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