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of <h1>Proposed Amendment to Section 194LA: Increase Tax Deduction Threshold for Compensation on Property Acquisition to Rs. 5,00,000</h1> Section 194LA of the Finance Bill 2025 outlines the requirement for deducting income tax at source on compensation paid for the compulsory acquisition of immovable property, excluding agricultural land. The current threshold for tax deduction is set at Rs. 2,50,000 in a financial year. The proposed amendment seeks to increase this threshold to Rs. 5,00,000, effective from April 1, 2025. This change aims to adjust the tax deduction requirement in line with evolving financial considerations.
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