Section 194IC - TDS on Payment under specified agreement

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..... eing consideration in kind, under the agreement referred to in section 45(5A) , deduct an amount equal to 10% of such sum as income-tax thereon. Meaning of specified agreement under section 45(5A) Specified Agreement means A registered agreement in which a person owning land or building or both, agrees to allow another person to develop a real estate project on such land or building or both. The c .....

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