TDS on compensation paid for cancellation of an agreement

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..... TDS on compensation paid for cancellation of an agreement
Query (Issue) Started By: - tailor jaffrulla khan Dated:- 6-4-2010 Last Reply Date:- 8-4-2010 Income Tax
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Income Tax
W .....

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..... hether TDS is applicable on compensation paid for cancellation of an agreement to sell. Reply By Surender Gupta: The Reply: It is the nature of transaction which enables to determine the applicability .....

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..... of TDS provisions. Why the contract was cancelled. What is the overall nature of cancelled contract. Is it in the nature of works contract. How is liable to pay the compensation etc. etc. As such the .....

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..... re is category which specifically stipulates the deduction of TDS on compensation. But, if such compensation is in the nature of category on which TDS is liable to be deducted, you need to deduct TDS. .....

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Discussion Forum - Knowledge Sharing .....

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