A Builder after the Completion of Construction of the said project maintains Buyers A/c until the Society is being incorporated . The purpose of this buyers A/c is to allocate the overall society expenses of maintainence and others, to individual flat owners and no profit motive . So Whether TDS needs to be deducted by the Individual Flat owners on the said maintainence charges ? and whether the transaction is chargeable to service tax ?
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TDS on society maintainence charges paid to a builder
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TDS is to be deducted by individuals on the payments made by them if they are covered under 44AB.Hence indivudual fat owners need not deductTDS.Service tax is also not applicable in my opinion
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