Hi ,
Can Any body let me know whether tds will be applicable on the COMPENTATION paid to anybody by the company ? IF Tds is Applicable then Let me Know its Rate (%) ?
Compentation Amount over here is 1,75,000/-
Thanks
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TDS ON COMPENTATION
Replies (3)
Bimal,
Kindly elaborate upon your query.
What is the nature of the transaction on which this compensation amount is paid.
| Originally posted by : Rachit | ||
 |
Bimal, Kindly elaborate upon your query. What is the nature of the transaction on which this compensation amount is paid. |
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Company profile is Developer & Construction . This Compensation is being paid to Landlord .
If compensation is paid to landlord for acquiring possession of a property then NO TDS is applicable as it TDS provisions not applicable on Sale / Purchase transactions
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