Bimal Mehta (Senior Accountant & finance managerial) (180 Points)
11 May 2010Hi ,
Can Any body let me know whether tds will be applicable on the COMPENTATION paid to anybody by the company ? IF Tds is Applicable then Let me Know its Rate (%) ?
Compentation Amount over here is 1,75,000/-
Thanks
Rachit
(Analyst)
(913 Points)
Replied 11 May 2010
Bimal,
Kindly elaborate upon your query.
What is the nature of the transaction on which this compensation amount is paid.
Bimal Mehta
(Senior Accountant & finance managerial)
(180 Points)
Replied 12 May 2010
| Originally posted by : Rachit | ||
 |
Bimal, Kindly elaborate upon your query. What is the nature of the transaction on which this compensation amount is paid. |
 |
Company profile is Developer & Construction . This Compensation is being paid to Landlord .
Rachit
(Analyst)
(913 Points)
Replied 12 May 2010
If compensation is paid to landlord for acquiring possession of a property then NO TDS is applicable as it TDS provisions not applicable on Sale / Purchase transactions
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