https://www.taxtmi.com/highlights?id=57062 TDS u/s 194IA - refundable security deposit paid to the land owners - non deduction of TDS - even if it is advance payment, it is not linked to the transfer of immovable property as enumerated in Section 194-IA of the Act, since the condition laid down in Section 2(47)(v) of the Act was not complied with within the meaning of Section 53A of the T.P. Act, so as to deduct TDS by the assessee on the said refundable security deposit. The assessee cannot be hold as the assessee in default u/s. 201(1) and 201(1A) of the Act. - AT en-us Mon, 08 Mar 2021 09:29:01 +0530 Mon, 08 Mar 2021 09:29:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57062 TDS u/s 194IA - refundable security deposit paid to the land owners - non deduction of TDS - even if it is advance payment, it is not linked to the transfer of immovable property as enumerated in Section 194-IA of the Act, since the condition laid down in Section 2(47)(v) of the Act was not complied with within the meaning of Section 53A of the T.P. Act, so as to deduct TDS by the assessee on the said refundable security deposit. The assessee cannot be hold as the assessee in default u/s. 201(1) and 201(1A) of the Act. - AT Highlights Income Tax Mon, 08 Mar 2021 09:29:01 +0530 https://www.taxtmi.com/highlights?id=57062