Payment of compensation on acquisition of certain immovable property

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....on or the enhanced consideration on account of compulsory acquisition, under any law for the time being in force, of any immovable property (other than agricultur­al land), shall, at the time of payment of such sum in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to ten per cent of such sum as income-tax thereon: Provided that no de....

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....able property" means any land (other than agri­cultural land) or any building or part of a building.]       *************** NOTES:- 1. Inserted vide Section 38 of the Finance (No. 2) Act, 2004 w.e.f. 01-10-2004 2. Substituted vide Section 75 of the Finance Act, 2012 w.e.f. 01-07-2012 before it was read as, "one hundred thousand rupees" ....