194LA

Is it agricultural land? TDS u/s. 194LA is not deductible over agricultural land...

‘194LA. Payment of compensation on acquisition of certain immova­ble property.—Any person responsible for paying to a resident any sum, being in the nature of compensation or the enhanced compen­sation or the consideration or the enhanced consideration on account of compulsory acquisition, under any law for the time being in force, of any immovable property (other than agricultur­al land), shall, at the time of payment of such sum in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to ten per cent of such sum as income-tax thereon:

Provided that no deduction shall be made under this section where the amount of such payment or, as the case may be, the aggregate amount of such payments to a resident during the financial year does not exceed one hundred thousand rupees.

Explanation.—For the purposes of this section,—

          (i )  "agricultural land" means agricultural land in India including land situate in any area referred to in items (a) and (b) of sub-clause (iii) of clause (14) of section 2;

For agricultural land any compensation received under RFCTLARR act, 2015  is tax-exempt.......

Permission obtained from 'Revenue Department (or Collector/Town planning office) for non-agricultural usage of land...... like residential, industrial etc.........