Tds applicability on interest received by legal heir
This query is : Resolved
10 November 2012
In case of enhanced compensation on compulsory acquisition of land, Interest received by more than one person who are nominee and individual amount of interest on the hand of individual was less then Rs.5000 but total amount of interest was above Rs.5000. So, please tell me whether tds deductible or not?
10 November 2012
The amount being paid to each person(payee) is if less than Rs. 5000/-, TDS is not required to be deducted.
Message likes :
1 times
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
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 1- Amend Credit Note
- GSTR 9C- Table 9
- Tax liability on gift amount given to blood relation
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Form 104 stamp paper deed
- Reimbursement of expense- GST applicable or not
- Acting as an Agent
- To Whom the Professional Invoice should be Raise
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
