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Tds on enhanced compensation

This query is : Resolved 

18 July 2013 tax deducted on enhanced compensation under compulsory acquisition of land in AY 2013-14 and compensation received only on 17/7/2013. n which year it is taxed. If it is assessed in the year of receipt then what abt tds claim? if it is allowed in AY 2014-15 then what about interest on income tax refund.

18 July 2013 It is taxable on reciept basis and will be taxed in AY 14-15.

TDS will be dedcuted when you recieve the compensation or enhanced compenstaion.

18 July 2013 Agree with expert.


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