Whether TDS would be deductible on purchase of Transferable Development Rights (TDR)?
Menu
TDS on TDR Purchase
Replies (3)
TDS is applicable on 'transfer of development right' @ 10% per section 194IC.
Dear Sir,
194IC covers the specified agreement [section 45)5A)] wherein person owning the land or building or both allows another person to develop in consideration of a share in developed project.
Whether TDS would be applicable on sale of TDR certificate?
Transferable Development Rights - a technique of land development. TDR is a technique of land development, which separates the development potential of a particular parcel of land from it and allows its use elsewhere within the defined zones of the city.
Sale of TDR is considered as sale of development rights.
Recent Topic
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
Related Topics
CAclubindia
