Menu
Tds requirements on interest on compensation received for compulsory acquisition of land.
Along with section... whether tds os required to be deducted or not in above case...
Replies (6)
as per section 194LA tds shall be deducted on compulsory aquisition if paymemt is in excess of rs 1 lack @ 10% but no tds in case of agricultre land
If such acquisition is taxable then TDS is required to deduct otherwise not . Like in case of acquisition of agriculture land amount is not taxable so no requirement of deduction of TDS.
here plz note that tds will be decuted by the person or authority jo compulsory acquire kr ri h nd paying the consideration
i have query on interest received on compensation, not on compensation amount..
TDS on Interest in this case is deal by Section 194A
and there is no provision in Act which exempt TDS requirement in the aforesaid case
So in aforesaid mention case TDS is to be deducted as per 194A
and there is no provision in Act which exempt TDS requirement in the aforesaid case
So in aforesaid mention case TDS is to be deducted as per 194A
correct sec 194a shall be applicable however no tds deducted if interset is upto rs 5000
Recent Threads
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
Related Threads
CAclubindia
