Section 393(1);Table [For Payment to Resident]-Transfer of certain Immovable property other than Agricultural Land

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....or transfer or (b) stamp duty value Rs.50 lakh (subject to Note 1 and Note 3) 3(ii) Consideration (other than consideration in kind) under the agreement referred to in section 67(14) Any person 10% Nil 3(iii) Compensation or enhanced compensation, or consideration or enhanced consideration, on compulsory acquisition of immovable property (other than agricultural land) Any person 10% Rs.5,00,000 Determination of tax under Sl. No. 3(i) Tax is deductible at 1% on the higher of- • the consideration for transfer of the immovable property; or • the stamp duty value of such property. Thus, the provision ensures that TDS is computed on the higher value where the ....

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....%; • No threshold limit; and • Applicable to any person. Where this clause applies simultaneously with Sl. No. 3(i), only Sl. No. 3(ii) is to be applied by virtue of Note 2. Sl. No. 3(iii) - Compulsory acquisition This clause applies to- • compensation; • enhanced compensation; • consideration; or • enhanced consideration, payable on compulsory acquisition of an immovable property (other than agricultural land). The salient features are- • TDS at 10%; • Threshold of Rs.5,00,000; and • Applicable to any person making the payment. Practical distinction • Sl. No. 3(i) → Tra....