Section 194LA Amendment: No TDS on Property Compensation Below Rs. 250,000, Raising Exemption Limit from Rs. 200,000.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Amendment of section 194LA. - TDS - no deduction shall be made in case where the amount of compensation or aggregate of such sum relating to acquisition of immovable property (other than agricultural land), credited or paid or likely to be credited or paid during the financial year to the account of, or to, the payee does not exceed two hundred thousand rupees. - It is proposed to enhance the said threshold limit from two hundred thousand rupees to two lakh and fifty thousand rupees....