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Ramesh Kumar (assistant accounts)     30 July 2021

TDS deduction u/s 194 LA

Respected sir/Mam,

I received compensation under  Right to FairCompensation and Transparency in Land AcquisitionRehabilitation and Resettlement, I Think this is exempt income  but TDS deduct 10 % by Coal India Ltd U/S 194 LA

Please smuggest me which ITR for Choose  & How to show exempt in ITR


 2 Replies

CA Misha Vidhani

CA Misha Vidhani (Practicing Professional)     31 July 2021

Only the Capital Gains from Compulsory Acquisition of Agricultural Land is Exempt.

No Exemption in any other case

File ITR 2

Ramesh Kumar

Ramesh Kumar (assistant accounts)     31 July 2021

We received payment 5,40,000.00 under Rehabilitation and Resettlement party deduct TDS u/s 194la Rs 40500 .00 Please suggest me this is exempt income or not .

If this is exempt income how to show in new ITR-2.

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