TaxTMI 
TaxTMI 
tds on earnest money refund along with assured return
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....ds on earnest money refund along with assured return<br> Query (Issue) Started By: - satbir singh wahi Dated:- 6-1-2011 Last Reply Date:- 21-7-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>the pvt l....
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....td co. is receiving earnest money for allotment of plot. after the maturity of time period i.e 5 yrs, the amount is refunded along with assured return. whether tds u/s 194A is applicable on the differ....
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....ence amount, total amount received and amt refunded. Reply By Mukesh Kumar: The Reply: The provision of section 194A are applicable on Interest. The amount which represents interest is subject to TD....
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....S. Earnest money, if not in the nature of interest, should not be subject to TDS.<br> Discussion Forum - Knowledge Sharing ....