| Question And Answer | |
|---|---|
| Subject: | Is TDS deductible on Mortgage NOC Charges levied by CIDCO Ltd, Maharashtra |
| Category: | Income-Tax |
| Querist: | S T Iyengar |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | CIDCO, Mortgage, NOC, TDS |
| Date: | August 11, 2023 |
Kindly advise whether TDS is to be deducted on payment of Charges levied by CIDCO Ltd, Maharashtra for issue of NOC for mortgage of property in Navi Mumbai.
Thanks
There is no provision under Chapter XVII of the Income-tax Act, 1961 for deduction of tax on payment for a No Objection Certificate. Hence there would be no requirement for deduction of tax at source on such a transaction.
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org