Immovable property transfer consideration includes incidental membership, parking, utility, maintenance and advance charges for TDS and TCS purposes. Consideration for transfer of any immovable property for TDS/TCS purposes includes charges incidental to the transfer. Such consideration covers club ... Summary
Immovable property transfer consideration includes incidental membership, parking, utility, maintenance and advance charges for TDS and TCS purposes.
Consideration for transfer of any immovable property for TDS/TCS purposes includes charges incidental to the transfer. Such consideration covers club membership, car parking, electricity or water facility, maintenance and advance fees, together with other charges of a similar nature. The same treatment applies under the corresponding definition in the Income-tax Act, 1961.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
