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tds deduction us 194LA

Krishna (Assistant) (633 Points)

27 July 2018

tax deducted us 194LA by govt.; capital gain tax needs to be pay by deductee or it is exempt ??

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (172406 Points)
Replied 27 July 2018

Not dependent on tds dedcution.......

But over Nature of aquisition (under which act)...

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Krishna (Assistant) (633 Points)
Replied 27 July 2018

nature of aquision means compulsory or voluntary ?

Nitin Mahale (CA Student) (88 Points)
Replied 27 July 2018

compulsory acquisition u/s 194LA if the compensation amount exceeds ₹2,50,000 then it attracts 10% TDS

Krishna (Assistant) (633 Points)
Replied 27 July 2018

sir .. many years before his family house n all aquired by govt . for the purpose of construction of new dam in that area. now govt gave jobs to few affected people & those who dint get job for them govt paid money by deducting tds @ 10% us 194LA .. how to account this compensation in tax computation ??? plzz reply