Hi Experts,
I have purchased a apartment in a new residential complex. we are requested to pay Maintenance Charges for 1 Year in advance at the time of taking handover of the apartment. My question is am I supposed to deduct TDS on this component.
Similarly we are supposed to pay a Maintenance Deposit in favor of the Association at the time of handover. Is TDS to be deducted on this component.
Yes, no liability to deduct TDS.
Malhotra Rajesh & Associates
New Delhi
B.Com
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Shyam S Gupta and Company
New Delhi
CA Inter
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Varma Raja & Associates
Thrissur
CA Inter
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CCI
Pro
CAclubindia
