https://www.taxtmi.com/forum/issue?id=1855 Applicability of TDS on compensation for cancellation depends on the transaction's nature, reasons for cancellation, the character of the original contract (e.g., works contract), and which party is liable. If the compensation is classified within a statutory category subject to TDS, the payer must deduct TDS; otherwise deduction depends on the legal character of the payment and the relevant TDS provision. en-us Tue, 06 Apr 2010 13:19:49 +0530 Thu, 23 Jan 2025 15:58:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1855 Applicability of TDS on compensation for cancellation depends on the transaction's nature, reasons for cancellation, the character of the original contract (e.g., works contract), and which party is liable. If the compensation is classified within a statutory category subject to TDS, the payer must deduct TDS; otherwise deduction depends on the legal character of the payment and the relevant TDS provision. Discussion-Forum Income Tax Tue, 06 Apr 2010 13:19:49 +0530 https://www.taxtmi.com/forum/issue?id=1855