amount about 15lakh received in FY20-21 for compulsory acquisition of agricultural land in urban area, some fund utilised for construction of home and balance amount is deposited in nationalized bank.
which ITR to file, how to get refund of TDS if agricultural land is not purchased till date?
Menu
Exemption on tax deducted u/s 194LA
Replies (1)
1. Firstly, TDS u/s. 194LA is not applicable over agricultural land.
2. For non-agricultural land also, if the acquisition is under RFCTLARR, 2013.. the compensation awarded is totally tax exempt (unless acquired under sec. 45 of act)
3. File ITR 2.
Recent Threads
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
Related Threads
CAclubindia
