TDS u/s 194LA is exempt income of beneficiary under which section

[Sadashiv Rupchand Gaikwad]

Respected Sir,

I want to file Income tax Return of my client who received compensation of agricultural land from State Government.It is said that this compensation is taxfree in the hands of beneficaries.

But which form is applicable to the farmer?

In which column is to be record such income tax TDS details?

For Assessment Year 2014-15 whether Offline or Online Return submission is beneficial?

Can I file revised Income ta x return if previous return is upload electronically?

Whether practically possible to file Hard copy if the Originally return is upload/

Please to guide me.

AI Summary

TDS on compensation for land acquisition: queries on tax exemption, applicable return form, and amendment procedures. Whether TDS under section 194LA on compensation for compulsory acquisition of agricultural land is exempt income for the beneficiary and which return form and return column should record the TDS details; additionally, whether to file offline or online for the relevant assessment year, and whether a revised return or hard copy filing is possible after an electronic upload.