Tds

This query is : Resolved

Rajeev (Querist)
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27 June 2014 We have a client who received money on compulsory acquisition of land by govt., now the problem here is that on the payment being made to him, TDS has been deducted U/s.194A instead of 194LA. we will have to take it as capital gain, but the TDS is deducted treating it as interest or something.

So i want to know is there any remedy available to us being the deductee.

or should we make an application to the requisite govt. department which has done the mistake.

A.Senthil Subramanian

A.Senthil Subramanian (Expert)
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28 June 2014 It is better to request the Govt Authority to file the Correction Return for this. Because this is a problem not only to this client but also for all other related Land owners. But it is very tough job to educate the govt officials.