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<h1>Payer must deduct 10% TDS on compensation for compulsory acquisition of non-agricultural immovable property under Section 194LA</h1> Any person paying a resident compensation, enhanced compensation or consideration for compulsory acquisition of immovable property (other than agricultural land) must deduct ten percent tax at source at the time of payment by any mode. No deduction is required if the aggregate payment to that resident in the financial year does not exceed five lakh rupees or if the payment relates to an award or agreement exempted under the specified provision of the land acquisition statute. 'Agricultural land' and 'immovable property' are defined for the section.