https://www.taxtmi.com/caselaws?id=20588 Interest on enhanced compensation awarded under land acquisition proceedings is treated as interest for the purposes of section 194A of the Income-tax Act and is liable to tax deduction at source, subject to statutory limits and exceptions. The obligation to deposit the withheld interest depends on whether the claimants furnish the prescribed affidavit or statement declaring that their estimated total income for the relevant year will remain below the taxable threshold. If the declaration is filed, the withheld amount must be deposited; if not, deposit need not be made in that petition. en-us Fri, 27 Mar 1992 00:00:00 +0530 Sat, 14 Nov 2009 18:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20588 Interest on enhanced compensation awarded under land acquisition proceedings is treated as interest for the purposes of section 194A of the Income-tax Act and is liable to tax deduction at source, subject to statutory limits and exceptions. The obligation to deposit the withheld interest depends on whether the claimants furnish the prescribed affidavit or statement declaring that their estimated total income for the relevant year will remain below the taxable threshold. If the declaration is filed, the withheld amount must be deposited; if not, deposit need not be made in that petition. Case-Laws Income Tax Fri, 27 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20588