TDS on redevelopment of societies: Generally there are exchange of services in the redevelopment transactions with the societies. Societies are transfer the FSI with the development rights to the developer and developer give them a existing area with some extra area free of cost, corpus, betterment charges, alternate accommodation, may be some maintenance charges for few years after possession etc. in the above transaction, there are lot of FAQ’s and confusions regarding TDS u/s 194IA and 194IC.

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