Tax deduction on compulsory acquisition compensation: threshold for non-deduction increased, changing when withholding applies to payers.

The Bill raises the threshold below which withholding is not required on compensation for compulsory acquisition of immovable property (other than agricultural land). Payers remain required to deduct tax at source on such compensation unless the payment, or aggregate payments to a resident in a financial year, do not exceed the revised threshold; the amendment takes effect from the commencement date specified in the Bill.

---

---

---