real estate news
Delhi High Court Rules: EDC Payments to Haryana Development Authority Not Subject to TDS
The Delhi High Court recently dismissed an appeal by the Revenue, clarifying that External Development Charges (EDC) paid to the Haryana Urban Development Authority (HUDA) by real estate developers are not considered rent and do not require Tax Deducted at Source (TDS).
Real Estate
Delhi HC Rules EDC Payments to Haryana Development Board Not Rent
The Delhi High Court has ruled that External Development Charges (EDC) paid to the Haryana Urban Development Authority (HUDA) by real estate developers are not considered rent, and therefore, do not require Tax Deducted at Source (TDS) deduction.
Real Estate
ITAT Rules: EDC Payments to HUDA are Contractual and Subject to TDS
The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that External Development Charges (EDC) payments made to the Haryana Urban Development Authority (HUDA) are contractual in nature and are subject to Tax Deducted at Source (TDS) under Section 194C of the Income Tax Act, 1961. This decision affects real estate companies like M/s Ireo Grace Realtech Private Limited, which had previously made such payments without deducting TDS.
real estate news
ITAT Rules EDC Payments to HUDA Subject to TDS under Section 194C
The Income Tax Appellate Tribunal (ITAT), Delhi, has ruled that External Development Charges (EDC) paid to the Haryana Urban Development Authority (HUDA) are contractual in nature and subject to tax deduction at source (TDS) under Section 194C of the Income Tax Act, 1961.