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Section 194IC

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Join Land Development Agreements: Tax Implications

Income Tax : Learn about Joint Development Agreements (JDAs), tax implications under Section 45(5A), capital gains, TDS under Section 194IC, an...

January 24, 2025 2988 Views 0 comment Print

Joint Development Agreements (JDA) and Tax Implications

Income Tax : Discover how Joint Development Agreements (JDA) impact taxability under Section 45(5A). Learn about capital gains, deductions, and...

October 27, 2023 33681 Views 1 comment Print

TDS Rate Chart for FY 2023-24 / AY 2024-25 – Updated

Income Tax : Updated TDS Rate Chart for FY 2023-24 (AY 2024-25). Find the latest rates for tax deduction at source for various transactions. Ea...

July 25, 2023 56445 Views 4 comments Print

TDS Rate Chart for FY 2023-2024 (AY 2024-2025)

Income Tax : TDS Rate Chart for FY 2023-2024 (AY 2024-2025) – Get complete details on Budget 2023 Amendments, Nature of Payment & Threshold L...

February 11, 2023 840396 Views 3 comments Print

Section 45(5A) provisions aligned with section 194-IC TDS provisions

Income Tax : Sub-section (5A) of section 45 so as to provide that the full value of consideration shall be taken as the stamp duty value of his...

February 4, 2023 5781 Views 0 comment Print


Latest Judiciary


No Section 194IC TDS on Alternate Accommodation Charges: ITAT Mumbai

Income Tax : ITAT Mumbai rules Section 194IC TDS doesn't apply to alternate accommodation charges, as they're not part of land/building share....

April 8, 2025 435 Views 0 comment Print


Latest Notifications


Measures to enhance revenue collections through TDS

Income Tax : On review of the progress of TDS collections it is noted that as on 31.08.2017, an amount of Rs. 1,65,114 crore has been collected...

September 13, 2017 1857 Views 0 comment Print


Section 194IC TDS on Payment Made Under Specified Agreement

July 6, 2021 123891 Views 4 comments Print

1) Who is responsible to deduct tax under section 194IC of Income Tax Act, 1961? Any person responsible for paying to a resident any sum by way of consideration under the specified agreement under section 45(5A) i.e. under the Joint Development Agreement, shall deduct tax at source. 2) What is meant by the Joint Development Agreement? […]

TDS on payment in Joint Development Arrangement in Real Estate

December 7, 2020 48027 Views 1 comment Print

Intricacies on TDS payment to Land Owner by Promoter in Joint Development under Section 194IC of Income Tax Act, 1961 Rate of TDS- 10%  | Threshold– Any Amount Points to Ponder ♣ There should be Joint Development Agreement (JDA) registered as mentioned U/s. 45(5A). Such agreement is termed as Specified Agreement. ♣ Applicable only in case […]

TDS on Rent under section 194I, 194IB & 194IC

August 16, 2020 42045 Views 0 comment Print

All about TDS on Rent Meaning of Rent ‘Rent’ means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of (either separately or together) any,— 1. land; or 2. building (including factory building); or 3. land appurtenant to a building (including factory building); or […]

TDS Rate Chart for Financial Year 2020-21

June 1, 2020 580143 Views 11 comments Print

Simple TDS Rate Chart for Financial Year 2020-21 –  Applicable from 14th May 2020 Kindly Note amended rates are been given on the basis of PIB Notification dated 13.05.2020 and on the date of Publication of this post no notification in this regard is been notified by the CBDT. Press release can be accessed at […]

TDS Rate Chart for FY 2020-21 / AY 2021-22 – Updated

May 14, 2020 1003548 Views 33 comments Print

TDS Rate Chart For Assessment year 2021-22 /Financial Year 2020-21 As we all are aware that yesterday our Honourable Finance Minister has conducted press release. In that press release she declared that The TDS rates for all non-salaried payment to residents, and tax collected at source rate will be reduced by 25 percent of the […]

TDS Provisions related to Small Businesses & Covid 19 Relief

May 5, 2020 15897 Views 0 comment Print

TAX DEDUCTION AT SOURCE (TDS) In order to ensure better tax compliance and ensuring the timely payment of tax to the Government treasury, a mechanism has been established by making it mandatory for certain persons responsible for making payment of some expenses to deduct tax from such payment and deposit it to the Government account. […]

TDS Rates for Financial Year 2020-21 & Assessment Year 2021-22

February 26, 2020 58329 Views 6 comments Print

Article compiles TDS Rate Chart For Financial Year 2020-21 and Assessment Year 2021-22 along with Due date of Payment of TDS and mode of Payment of TDS. Article explains Section under which TDS is deductible and TDS Rate Applicable. Article Covers Change in TDS Applicable from 01.04.2020 which was proposed by Union BUdget 2020 which […]

Income Tax on Joint Development: Post amendment scenario

January 3, 2020 17640 Views 8 comments Print

The concept of joint development agreement is common now a days because of its advantage of bringing together of both landlords and the developer. The landlord who has land with insufficient funds to develop such land can reap the benefit of current market price after the development. Always the price for developed property is greater […]

TDS provisions and its compliance related to real estate sector

June 30, 2019 46473 Views 5 comments Print

Brief analysis: 1. Section 194IA and section 194IC of the Income Tax Act, 1961 are attracted on real estate transactions. 2. In simple words, as per section 194IA, if agreement value is equal to or more than Rs. 50, 00,000/- then buyer of the property has to deduct the TDS @ 1% on the agreement […]

Overview of TDS and TCS Provisions

February 10, 2019 18105 Views 1 comment Print

Compliance of TDS and TCS provisions is one of the important aspects for every business. However, it is also a tricky issue since there are so many provisions and also due to frequent insertion of new provisions. Non Compliance with these provisions leads to payment of Interest, Late Filing Fee, Penalties and also punishable with […]

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