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.
TDS will be dedcuted when you recieve the compensation or enhanced compenstaion.
18 July 2013
Agree with expert.
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