Time of Deduction- At the time of credit or payment, whichever is earlier. Deductor- Any person paying any sum by way of consideration under Joint Development Agreement. Deductee- TDS Rate- 10% of the sum paid. Meaning of Joint Development Agreement- This is an agreement between the owner of an asset (being land or building or…
Time of Deduction- One time in a year i.e. annually in the last month of previous year or in the month before the tenant vacates the flat. Deductor- Any Individual/ HUF, who is not liable to tax audit in the preceding FY, but is paying rent in excess of Rs. 50,000 per month. Deductee- TDS…
Time of Deduction- TDS to be deducted at the time of credit or payment, whichever is earlier. Deductor- Any person (other than a person referred to in Section 194LA- tax deducted in case of property acquired under force of law). Deductee- Any seller being a resident. TDS Rate- 1% of total consideration for transfer of…