Tds on joint development

M/s. XYZ Pvt Ltd. Co., is a land owner entering with a Joint development agreement with M/s. ABC Pvt Ltd co., with a ratio of 50:50

Please guide where TDS will applicable till the completion of the project and handing over the possession to the buyer.

Replies (1)

tds is not applicable for development project of Land & posseession to the buyer

but on comnstruction work TDS is applicable which is come under sec 194c

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