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of <h1>Section 194L removed, eliminating 10% TDS on compensation for compulsory acquisition after omission effective 1 June 2016</h1> Section 194L originally required any payer to deduct tax at source at ten percent when paying a resident compensation or enhanced compensation for compulsory acquisition of a capital asset, with no deduction if aggregate payments in a financial year did not exceed one hundred thousand rupees; a subsequent proviso prevented deduction on payments made on or after 1 June 2000. The provision was inserted in 1999-2000 but was omitted from the Act effective 1 June 2016, removing this specific TDS obligation.
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