Dear Sir
I have enetered into a Joint Venture beffore 1.4.17. We have agreed to receive money directly from the buyers in an Escrow account from which it is transferred 50% to me and 50% to the builder.
Does this attract TDS under sec 194 IC on the builder. If yes how will it work because the payment goes to an escrow account and then divide equally
Kindly throw some light
Thanks
No you dont have to deduct TDS since TDS shall be deducted by CG in case of compulsory acquisition under above section
No my Builder says he will dedcut TDS
Actually the payment is coming from the buyers- the builder is not paying me anything
Still will there be TDS
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