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 Limit Raised for Property Compensation, Effective June 1, 2016.</h1> Clause 79 of the Finance Bill, 2016, amends section 194LA of the Income-tax Act, which pertains to the payment of compensation for the acquisition of certain immovable properties. The amendment increases the threshold limit from two hundred thousand rupees to two lakh and fifty thousand rupees, below which no tax deduction at source is required for compensation paid for property acquisition, excluding agricultural land. This change is effective from June 1, 2016.
TaxTMI 
TaxTMI 
