Sir . We have a cooperative house building society with 47 odd members . It is a self financing cooperative society wherein members are collectively contributing to the construction of their flats . My query is that while a member is making payment of his installment should he deduct tds .
Our land cost was approx 23 lakhs per member and flat construction cost is approx 53 lakhs per member . We are paying an avg bimonthly installment to society of 5 laks each
CAclubindia
