TDS on Compensation.....

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Jaykumar Pourana (Querist)
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01 January 2010 Dear Sir,

I just want to know that if there is any TDS deduction on Compensation received on any amount... what is the limit of the same... pls. guide me....

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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01 January 2010 Section 194LA is for TDS on account of payment of compensation/enhanced compensation on acquisition of land,other than agricultural land,/building. Pl visit www.incometaxindia.gov.in for further details.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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01 January 2010 yes,as per Sec.194LA Paying Compensation or enhanced compensation on account of compulsory acquisition under any law for any immovable property other than agricultural land for that rate of TDS is 10% and Aggregate amount of payment doesn't exceeds rs.1,00,000 during a F.Y

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