EDC Payments to HUDA Not Liable for Section 194A TDS: ITAT Delhi

Sternal Buildcon Private Ltd. Vs DCIT (ITAT Delhi) ITAT Clarifies No TDS on EDC under Section 194A: Disallowance Quashed in Sternal Buildcon Facts: In the present case the assessee, Sternal Buildcon Private Ltd., engaged in the business of constructing affordable housing, filed its return for A.Y. 2017-18 declaring a loss and disclosed payment of External Development Charges (EDC) amounting to ₹99,80,000 to Haryana Urban Development Authority (HUDA). Pursuant to directions from the Directorate of Town and Country Planning (DTCP), Haryana, under a statutory license for developing group housi...