Wthether tds is deductible on land improvement charges, being payable to contractor.
The client is an resident individual .The income thereof (STCG) is chargeable under the head 'Capital Gains',
Menu
Tds on land improvement expenses
Replies (2)
Dear Raj
in my opinion TDS should be dedcted as this is an income for land improverment contractor.
If the same is in contractual nature than deduct TDS under section 194C.
Regards
 |
 |
|
Dear Mehta,
Thanks for reply.
The client is in service and resident individual. He is incurring land improvement expenses and taxed STCG only in this year. His sale value is less than Rs. 1 Crore. Even business individual requires TAN number after crossing trunover for audit u/s 44AB.
Whether to apply for TAN number to deduct tds.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
