what is the rate of TDS applicable on builders buy TDR.
TDS deduct u/s 194IC applicable ?
Replies (8)
Quick Summary
This discussion clarifies the applicable TDS section and rate for builders purchasing Transferable Development Rights (TDR). Initially, there was confusion between sections 194IA and 194IC. The consensus reached is that Section 194IC applies, with a TDS rate of 7.5% on TDR transactions.