TDS on land acquisition compensation blocked where compensation or award is exempt under land acquisition law. An amendment to section 194LA prohibits deduction at source where the payment relates to an award or agreement exempt from income-tax under the Right to ... Summary
TDS on land acquisition compensation blocked where compensation or award is exempt under land acquisition law.
An amendment to section 194LA prohibits deduction at source where the payment relates to an award or agreement exempt from income-tax under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, thereby removing the withholding obligation for payments covered by that statutory exemption.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.