TDS on Development Charges

Dear Sathish

No, u can't Deduct TDS into Both section 194C and 194I

Thank you Sir but I had mentioned 194C and 194J but not 194I Sir and if you have any Case Law or notification it will be helpful for me.

THE  BUYER   OF  A  PROPERTY  SAYS  THAT  HE  WOULD  REGISTER  THE  PROPERTY  FOR  THE  GUIDELINE

VALUE  ONLY  AND  THE  BALANCE  AMOUNT  OF  MARKET  VALUE  WOULD  BE  PAID  BY  WAY  OF  FULL

SETTLEMENT  DEED  REFERRING   THE  DIFFERENCE  AMOUNT  AS  "DEVELOPMENTAL  CHARGES  "    WHICH

IS REDUCED IN WRITING IN A STAMPED AGREEMENT (rS.20 VALUE).

IF  THE  SELLER  AGREES  FOR  THE  SAME,  WHETHER  EXEMPTION  UNDER  CAPITAL  GAINS  IS  AVAILBLE

FOR  THE  DEV.  CHARGES  PORTION  ALSO  IN  THE  HANDS  OF  SELLER.     WHAT  IS  THE  TAX  LIABILITY ON

THE DEVELOPMENT CHARGES SO RECEIVED?  WHETHER THE DEVELOPMENTAL CHARGES WILL BE TREATED

AS CAPITAL GAINS AND WILL BE TAXED ACCORDINGLY?