Section 194la
This query is : Resolved
01 June 2013
IF COMPENSATION IS RECEIVED U/S 194LA I WANT TO KNOW INWHICH HEAD INCOME WILL BE COMPUTED AND HOW MUCH TDS WE CAN CLAIM DEDUCTED @ 10%
01 June 2013
Compute the income under the head 'capital gains'.
Message likes :
1 times
01 June 2013
long term capital gains are exempt frm tax thn why huda authority deduct tax frm compensation
01 June 2013
income under the head capital fains.in case of revised compensation(more)-income from other sources.
Message likes :
1 times
01 June 2013
May i know who is the receiver?may be bit more detailed depending.
01 June 2013
then TDS has to be deducted.Capital gain is taxable for resident woman.
01 June 2013
it is not consideration than how can we compute capital gains on it
01 June 2013
Any consideration duly recd in the form compensation, has to be duly taxed under the head CG, in case of incremented consideration has to be taxable under the head income from other sources. pl. do specify, what form of consideration is it?
Message likes :
1 times
01 June 2013
sir, it is incremented consideration and i want to know in this case can i claim full tds amount in any situation
01 June 2013
Yes, you can claim full TDS
01 June 2013
You can avail exemption from section 54D,as below,
That part of Capital Gain arising from Compulsory acquisition of Land , Building or any right is such Asset used by Assessee for 2 years for his own business, shall be Tax-FREE which is reinvested in purchase of another Land or Building or Right in Land or Building within 3 years of the acquisition.
The new Asset so acquired cannot be sold or transferred for a period of 3 years, otherwise old exempted Gain will be put to TAX.
That part of Capital Gain arising from Compulsory acquisition of Land , Building or any right is such Asset used by Assessee for 2 years for his own business, shall be Tax-FREE which is reinvested in purchase of another Land or Building or Right in Land or Building within 3 years of the acquisition.
The new Asset so acquired cannot be sold or transferred for a period of 3 years, otherwise old exempted Gain will be put to TAX.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- TDS related Query_Liquidated Damages
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
