compensation on acquisition of land u/s 194 la
This query is : Resolved
18 September 2012
dear sir
one of my relative has received Rs. 18 lacs as enhanced compensation on acquisition of agriculture land by HUDA ( govt.organisation). TDS is deducted @ 10%. now i want to know whether the so deducted TDS can be refunded or not and whether enhanced compensation is different from compensation on acquisition of agriculture land.
one of my relative has received Rs. 18 lacs as enhanced compensation on acquisition of agriculture land by HUDA ( govt.organisation). TDS is deducted @ 10%. now i want to know whether the so deducted TDS can be refunded or not and whether enhanced compensation is different from compensation on acquisition of agriculture land.
Praveen Kumar Rathi
(Expert)
19 September 2012
Yes the capital gain is exempt, and Whole TDS will be refunded.
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