TDS on Compensation

This query is : Resolved 

28 December 2009 We are builders and Developers. Court case was filed by one of member and it was amicably settled in favour of member and hence we had to pay compensation. Whether TDS is applicable

28 December 2009 TDS will not be applicable.

30 December 2009 Pls Explain tds will not be applicable


30 December 2009 It does not comes under any section of TDS. TDS will be deducted only if it falls under any section of TDS.

30 December 2009 Section 194LA is applicable or not

30 December 2009 196LA is for compulsory acquisition of immovable assets. And you are not paying compensation for any immovable assets.

30 December 2009 196LA is for compulsory acquisition of immovable assets. And you are not paying compensation for any immovable assets.

18 January 2010 If the member was complaint against booking it is applicable or not




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