Tds
This query is : Resolved
Arpit garg
(Querist)
25 December 2015
sir, my clients agriculture land(below pop. of 10000) are acquired on compulsory basis due to expanding national highway. so they received money after deducting huge TDS. so please advice me how can i help them in claiming such TDS
CA PARAS BAFNA
(Expert)
25 December 2015
Where the land is an agriculture land situated in urban area Capital Gains are exempt U/s 10(37) .
.
In case of agriculture land in rural area, there is no need to compute Capital Gains. The amount received is a capital receipt.
.
TDS can be claimed as refund by filing the return of the assessee.
.
In case of agriculture land in rural area, there is no need to compute Capital Gains. The amount received is a capital receipt.
.
TDS can be claimed as refund by filing the return of the assessee.
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