tds on earnest money refund along with assured return

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..... tds on earnest money refund along with assured return
Query (Issue) Started By: - satbir singh wahi Dated:- 6-1-2011 Last Reply Date:- 21-7-2011 Income Tax
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Income Tax
the pvt .....

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..... ltd co. is receiving earnest money for allotment of plot. after the maturity of time period i.e 5 yrs, the amount is refunded along with assured return. whether tds u/s 194A is applicable on the diffe .....

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..... rence amount, total amount received and amt refunded. Reply By Mukesh Kumar: The Reply: The provision of section 194A are applicable on Interest. The amount which represents interest is subject to T .....

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..... DS. Earnest money, if not in the nature of interest, should not be subject to TDS.
Discussion Forum - Knowledge Sharing .....

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