No Sec. 194-IA TDS on refundable security deposit paid by developer to land owners pursuant to JDA

INCOME TAX : Where assessee an Indian Company engaged in business of real estate development, entered into joint development agreements with 54 parties (land owners) and in terms of agreement, a certain sum had been paid by assessee to land owners as interest free ‘refundable security deposit’INCOME TAX : Where assessee an Indian Company engaged in business of real estate development, entered into joint development agreements with 54 parties (land owners) and in terms of agreement, a certain sum had been paid by assessee to land owners as interest free ‘refundable security deposit’www.taxmann.com Latest Case LawsRead More

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