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

 

Replies (2)
Quick Summary
This discussion addresses concerns regarding TDS deduction under Section 194 LA on compensation received for land acquisition. The user received payment from Coal India Ltd and had 10% TDS deducted, questioning if this income is exempt. Advice suggests that only capital gains from compulsory acquisition of agricultural land are exempt, and other cases, including rehabilitation and resettlement payments, are taxable. The user is seeking guidance on which ITR form to use (likely ITR-2) and how to correctly report this income and the TDS deducted.

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

No Exemption in any other case

File ITR 2

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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