Tds on enhanced compensation
This query is : Resolved
18 July 2013
tax deducted on enhanced compensation under compulsory acquisition of land in AY 2013-14 and compensation received only on 17/7/2013. n which year it is taxed. If it is assessed in the year of receipt then what abt tds claim? if it is allowed in AY 2014-15 then what about interest on income tax refund.
18 July 2013
It is taxable on reciept basis and will be taxed in AY 14-15.
TDS will be dedcuted when you recieve the compensation or enhanced compenstaion.
TDS will be dedcuted when you recieve the compensation or enhanced compenstaion.
18 July 2013
Agree with expert.
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- TCS ON SOFTWARE SALES
- TDS RATE ON RENT PAID TO NRI
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- Regarding TAX regime
- TDS - Form 26QB - Installment - Final payment Query
- Issue of gst e invoice
- Gstr 9 2023-24
- 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
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
