Regarding deduction u/s 194la
This query is : Resolved
24 April 2012
Dear sir, May i deduct the tax while giving payment aginst land aquire by govt. If that land is agriculture land
24 April 2012
Dear Sanjay,
As per Sec 194LA, TDS is to be deducted when a person pays any compensation/consideration on acquisition of any immovable property (other than agriculture property) to a resident.
As in your case, it is agriculture property so no TDS to be deducted. Moreover, compensation would be paid by Govt. to you.
As per Sec 194LA, TDS is to be deducted when a person pays any compensation/consideration on acquisition of any immovable property (other than agriculture property) to a resident.
As in your case, it is agriculture property so no TDS to be deducted. Moreover, compensation would be paid by Govt. to you.
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