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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Clarification on Tax Deduction at Source for Interest Payments Under Land Acquisition Act per Income-tax Act Section 194A.</h1> The circular addresses the responsibility for tax deduction at source on interest payments under the Land Acquisition Act, 1894, as per section 194A of the Income-tax Act, 1961. It clarifies that the Collector or any authorized authority responsible for land acquisition should deduct tax from interest payments before depositing the remaining compensation with the court. This decision follows inconsistencies in practices where either the Land Acquisition Authority or the court was deducting tax. The circular instructs tax authorities and land acquisition offices to uniformly implement this procedure, ensuring compliance with legal requirements and issuing TDS certificates to affected parties.
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