TDS on compensation paid for cancellation of an agreement

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....DS on compensation paid for cancellation of an agreement<br> Query (Issue) Started By: - tailor jaffrulla khan Dated:- 6-4-2010 Last Reply Date:- 8-4-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>Wh....

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....ether TDS is applicable on compensation paid for cancellation of an agreement to sell. Reply By Surender Gupta: The Reply: It is the nature of transaction which enables to determine the applicability ....

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....of TDS provisions. Why the contract was cancelled. What is the overall nature of cancelled contract. Is it in the nature of works contract. How is liable to pay the compensation etc. etc. As such ther....

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....e is category which specifically stipulates the deduction of TDS on compensation. But, if such compensation is in the nature of category on which TDS is liable to be deducted, you need to deduct TDS.<....

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