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Income from agriculture land acquisition by goverment in rural area.
whether income under section 194LA is taxable. The land aquired belongs to rural area.
Replies (5)
194LA is applicable to immovable property execpt agricultural land.
Not applicable for agricultural land
It's not applicable for Agricultural land
Section 194LA relates to the TDS provisions applicable on the payment of compensation at the time of acquisition of certain type of immovable property. ..
TDS provisions prescribed under section 194LA applies to compulsory acquisition of any immovable property except agricultural land.
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