Threshold for TDS on compensation increased, reducing withholding obligations for lower-value acquisition payments under the amended provision. Amendment raises the threshold for tax deduction at source on compensation payable on acquisition of immovable property other than agricultural land by substituting the prior monetary limit with a higher limit, thereby excluding from deduction payments or aggregates of such sums below the revised threshold in a financial year; the amendment operates from the specified effective date in 2016.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Threshold for TDS on compensation increased, reducing withholding obligations for lower-value acquisition payments under the amended provision.
Amendment raises the threshold for tax deduction at source on compensation payable on acquisition of immovable property other than agricultural land by substituting the prior monetary limit with a higher limit, thereby excluding from deduction payments or aggregates of such sums below the revised threshold in a financial year; the amendment operates from the specified effective date in 2016.
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