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Section 194IC Payment that are made under Joint Development Agreement (JDA) to Individual/HUF

Section 194IC Explained

Section 194IC mandates TDS deduction for rent paid under a Joint Development Agreement (JDA). 

JDA allows a person to build a real estate project on an owner's asset, with the owner receiving a share and/or cash payment. 

TDS Deduction under 194IC

TDS deduction occurs at income credit time or payment time, whichever comes first. Payments can be in cash, cheque, draft, or other ways. 

TDS Deposit Time Limit

  • For government payments, deposit is on the same day without a challan form.
  • For non-government payments, deposit within seven days of the month end where deduction occurred. If in March, deposit by April 30. In other cases, within seven days of the month end where deduction happened.



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