Hi,
TDS on the Development Charges to the Electricity Department should be deducted u/s. 194C or u/s. 194J
With regards,
Thanks in Advance,
T.N.Sathish.
T N SATHISH (CPT STUDENT) (93 Points)
20 February 2010Hi,
TDS on the Development Charges to the Electricity Department should be deducted u/s. 194C or u/s. 194J
With regards,
Thanks in Advance,
T.N.Sathish.
Pankaj Arora
(Learner)
(3134 Points)
Replied 20 February 2010
Dear Sathish
No, u can't Deduct TDS into Both section 194C and 194I
T N SATHISH
(CPT STUDENT)
(93 Points)
Replied 20 February 2010
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.
Chandhini Viswanathan
(b com)
(27 Points)
Replied 17 May 2012
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?
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
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