TDS on immovable properties

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  1. Ritu Bubna

    Ritu Bubna New Member

    In JDA if Developer pays a non refundable amount to land owner then developer is liable to deduct TDS on payment u/s 194 IA?
     
  2. ZED

    ZED Well-Known Member

    Wait a sec, is this a joint development?
    So, is there a joint venture? Or any other AOP formed for this purpose?
     
  3. Ritu Bubna

    Ritu Bubna New Member

    Yes this is a joint develpment agreement and also LLP formed for this purpose bt the land owner is not a partner in that LLP . land owner is only beneficial in joint development.
     
  4. ZED

    ZED Well-Known Member

    Then shouldn't LLP be making the payment instead of builder????
     
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