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Tds requirements on interest on compensation received for compulsory acquisition of land.

Gagan Aggarwal (226 Points)

04 January 2019

Along with section... whether tds os required to be deducted or not in above case...

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6 Replies

kamna gorver (136 Points)
Replied 04 January 2019

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

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Sumit Sarswat (Student) (3154 Points)
Replied 05 January 2019

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.

kamna gorver (136 Points)
Replied 05 January 2019

here plz note that tds will be decuted by the person or authority jo compulsory acquire kr ri h nd paying the consideration

Gagan Aggarwal (226 Points)
Replied 05 January 2019

i have query on interest received on compensation, not on compensation amount..

Mohan Panwar (52 Points)
Replied 06 January 2019

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