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

Guidance Sought for Filing Tax-Free Compensation Return for Farmers Under Section 194LA for Assessment Year 2014-15 A participant on a discussion forum inquired about filing an Income Tax Return for a client who received tax-free compensation for agricultural land from the State Government under section 194LA. They sought clarification on the appropriate form for farmers, where to record TDS details, and whether offline or online submission was better for the Assessment Year 2014-15. Additionally, they asked if a revised return could be filed if the original was submitted electronically and if a hard copy filing was possible after an electronic submission.