Regarding deduction u/s 194la
This query is : Resolved
24 April 2012
Dear sir, May i deduct the tax while giving payment aginst land aquire by govt. If that land is agriculture land
24 April 2012
Dear Sanjay,
As per Sec 194LA, TDS is to be deducted when a person pays any compensation/consideration on acquisition of any immovable property (other than agriculture property) to a resident.
As in your case, it is agriculture property so no TDS to be deducted. Moreover, compensation would be paid by Govt. to you.
As per Sec 194LA, TDS is to be deducted when a person pays any compensation/consideration on acquisition of any immovable property (other than agriculture property) to a resident.
As in your case, it is agriculture property so no TDS to be deducted. Moreover, compensation would be paid by Govt. to you.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
