| Question And Answer | |
|---|---|
| Subject: | Rental compensation received under joint development agreement |
| Category: | Income-Tax |
| Querist: | Aravind |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Rent, TDS |
| Date: | December 20, 2024 |
Mrs. R, being owner of the building, enters into an agreement of joint development with Mr. E, and Mrs. R will receive one flat and Rs.15,00,000 as consideration. She will also receive Rs.50,000/month towards rental compensation. Mr. E deducted TDS on all the payments made.
- Is rental compensation received under joint development agreement taxable?
- TDS deduction made by Mr. E on payments of Rs. 50,000. Is it valid deduction?
Reply of the Expert is awaited. Please check back later
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