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TDS on EDC Payments to HSVP is Mandatory: Delhi HC
Case Law Details
- Case Name
- Puri Constructions Private Limited Vs ACIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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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...
