amit Kamble (1 Points)
03 February 2022Is TDS deduction applicable on compensation/Rent and corpus funnd or hardship money received from Redeveloper?
CA Sanchi Saraf, Nagpur(India)
(Chartered Accountant)
(48 Points)
Replied 03 February 2022
Sum received by flat owners from developer as corpus fund in regards to hardships caused for redevelopment will be treated as capital receipt and hence not subject to income tax. Therefore TDS is also not applicable.
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