Tds

This query is : Resolved

KAUSHIK TIWARI (Querist)
Follow

02 June 2015 I have a problem our one client paid Rs.50,00,000 to his tenant to vacant the premises.
So,please suggest me is it liable for TDS or not.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

02 June 2015 TDS u/s 194J applicable if it satisfies the following condition.

Any sum, whether received or receivable, in cash or kind, on account of any capital asset (other than land or goodwill or financial instrument) being demolished, destroyed, discarded or transferred, if the whole of the expenditure on such capital asset has been allowed as a deduction under section 35AD.