TDS on EDC Payments to HSVP is Mandatory: Delhi HC

Puri Constructions Private Limited Vs ACIT (Delhi High Court) Delhi High Court Upholds TDS on EDC Payments; Quashes Penalty Orders for Re-evaluation In a significant judgment with wide-ranging implications for the real estate sector, the Delhi High Court has ruled that payments for External Development Charges (EDC) made by developers to the Haryana Shehri Vikas Pradhikaran (HSVP) are subject to Tax Deducted at Source (TDS) under Section 194C of the Income Tax Act, 1961. The court, however, provided substantial relief to numerous developers, including Puri Constructions Private Limited, by qua...