I Have received gross enhanced compensation of Rs.3200000 on which TDS made by deductor Rs.320000/- on acquisition of capital asset U/s 194L. how can i calculate tax liability for same.
Menu
Tax liability on receipt of enhanced compensation u/s 194l
Replies (1)
Hi,
First of all no TDS should be deducted under section 194L on or after the 1st day of june,2000.
Enhanced compensation be chargeable u/s 45(5), as income taxable under capital gains.
For any further query PM or mail us.
AJH & CO.
info @ ajhco.in
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
