TDS on flats alloted by Builders

[hubert fernandes]

I am a plot owner and have given my plot on JDA to Builder for Development. As consideration for my plot The Builder has alloted 20 flats to me in the said project. Am i required to deduct TDS u/s 194IA ?

AI Summary

Land Rights Swap: Builder Receives 20 Flats in Development Agreement Without Tax Deduction Under Sections 194-IA, 194-IC, 194R A plot owner entered a Joint Development Agreement (JDA) with a builder, receiving 20 flats as consideration for land rights. The discussion explores tax implications, specifically whether TDS under Sections 194-IA, 194-IC, or 194R applies. Experts concluded that no TDS is required since the transaction involves non-monetary consideration and the landowner is not engaged in a business or professional activity.