Sec 194la refund
This query is : Resolved
29 May 2014
The facts are:-
Assessee -resident individual.(having no taxable income)
Land acquired by NTPC in 1995.
Enhanced compensation received as per the decree of court Rs 551210.000 (jan 2014)
TDS deducted @10% amounts and credited in Jan amounts to Rs55121.
My question is-
In order to claim the refund,ITR2 the form to be used after computing capital gains, if any?
Kindly guide me.
Assessee -resident individual.(having no taxable income)
Land acquired by NTPC in 1995.
Enhanced compensation received as per the decree of court Rs 551210.000 (jan 2014)
TDS deducted @10% amounts and credited in Jan amounts to Rs55121.
My question is-
In order to claim the refund,ITR2 the form to be used after computing capital gains, if any?
Kindly guide me.
Nikhil Kaushik
(Expert)
01 June 2014
before looking for refund, you need to check for taxability under 56(2)(viii)
and yes, you can use ITR2.
and yes, you can use ITR2.
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