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TDS deducted u/s 194LA

Ramesh Kumar (assistant accounts) (64 Points)

21 July 2021  

Respected sir,

We  received compensation (under punarwas niti ) Rs 540000.00 &  TDS deduction  Rs 40500 u/s 194 LA  .

My question is which ITR can I select & this type of Income Exempt u/s 96 .


 12 Replies

Sourav (Student) (23892 Points)
Replied 21 July 2021

What is your nature of income??

CA Rashmi Gandhi (Chartered Accountant) (58998 Points)
Replied 22 July 2021

Compensation received on compulsory acquisition of land is taxable under Capital Gain.

Sourav (Student) (23892 Points)
Replied 22 July 2021

You should file ITR 2

Ramesh Kumar (assistant accounts) (64 Points)
Replied 22 July 2021

Received compension under puavas niti Exempt u/s 96 or not

CA Rashmi Gandhi (Chartered Accountant) (58998 Points)
Replied 22 July 2021

Sec 96 of which act???

Sourav (Student) (23892 Points)
Replied 23 July 2021

Section 96 of the Act says that income tax shall not be levied on any award or agreement made under this Act. Therefore, compensation received for compulsory acquisition of land under this Act is exempted from the levy of Income tax

Ramesh Kumar (assistant accounts) (64 Points)
Replied 23 July 2021

if This is exempt income why TDS Deduct u/s 194 LA 

CA Rashmi Gandhi (Chartered Accountant) (58998 Points)
Replied 24 July 2021

The CBDT Circular No. 36/2016 dated 25.10.2016 categorically stipulates that compensation received for compulsory acquisition of land in respect of an award or agreement which has been exempt from levy of income tax vide section 96 of RFCTLAAR Act, 2013 shall also not be taxable under the Income Tax Act, even if there is no specific provision of exemption for such compensation in the Income Tax Act, 1961.


Sourav, don't just reply, get conceptually clear. Sec 96 of income tax is not for compensation.

Sourav (Student) (23892 Points)
Replied 24 July 2021

It's not your private platform... It's a professional platform everyone has the right to answer.. it's not your private packed software so please don't reply anything which is spoil this app.. please maintain your professional dignity and skepticism.. it's for all members and students who want to know practical as well as educational purposes... please don't reply anything wrong please maintain your dignity

CA Rashmi Gandhi (Chartered Accountant) (58998 Points)
Replied 24 July 2021

Sourav, I know but giving wrong answer to everyone and without knowing the thing also spoil this platform.

Ramesh Kumar (assistant accounts) (64 Points)
Replied 26 July 2021

if This is exempt income why TDS Deduct u/s 194 LA 

Ramesh Kumar (assistant accounts) (64 Points)
Replied 26 July 2021

if This is exempt income why TDS Deduct u/s 194 LA 


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