TDS on compensation for compulsory acquisition requires deduction at source on payment for non-agricultural immovable property. Section 194LA requires any person responsible for paying compensation on compulsory acquisition of immovable property (other than agricultural land) to ... Summary
TDS on compensation for compulsory acquisition requires deduction at source on payment for non-agricultural immovable property.
Section 194LA requires any person responsible for paying compensation on compulsory acquisition of immovable property (other than agricultural land) to deduct ten per cent as income-tax at the time of payment, by whatever mode. The obligation covers compensation, enhanced compensation or consideration, and is subject to a proviso exempting payments where the single payment or aggregate payments to a resident in a financial year do not exceed one hundred thousand rupees.
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