TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Section 194LA: Tax Deduction Threshold for Property Compensation Raised to 200K, Effective July 1, 2012.</h1> Clause 72 of the Finance Bill, 2012 proposes an amendment to section 194LA of the Income-tax Act concerning compensation payments for compulsory acquisition of immovable property, excluding agricultural land. The amendment raises the threshold for tax deduction at source from one hundred thousand rupees to two hundred thousand rupees. This means tax will not be deducted if the compensation paid to a resident does not exceed two hundred thousand rupees in a financial year. The change is effective from July 1, 2012.
TaxTMI 
TaxTMI 
