27 June 2016
HSIIDC incurs certain maintenance costs on land allotted by them towards security services,cleanliness etc.After the year,they claim this amount as reimbursement from the allottees on the basis of land area.Pls a dvise whether TDS should be deducted from such payment.
27 June 2016
you have to deduct the tds, before that you have to inquire from the deptt that they take exemption form the Income tax or not. if your amount exceeds in a year u/s 194 C Rs. 100000 form 1.6.16.