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tds deduction us 194LA

Krishna (Assistant) (702 Points)

27 July 2018

tax deducted us 194LA by govt.; capital gain tax needs to be pay by deductee or it is exempt ??

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195275 Points)
Replied 27 July 2018

Not dependent on tds dedcution.......

But over Nature of aquisition (under which act)...

Krishna (Assistant) (702 Points)
Replied 27 July 2018

nature of aquision means compulsory or voluntary ?

Nitin Mahale (CA Student) (88 Points)
Replied 27 July 2018

compulsory acquisition u/s 194LA if the compensation amount exceeds ₹2,50,000 then it attracts 10% TDS

Krishna (Assistant) (702 Points)
Replied 27 July 2018

sir .. many years before his family house n all aquired by govt . for the purpose of construction of new dam in that area. now govt gave jobs to few affected people & those who dint get job for them govt paid money by deducting tds @ 10% us 194LA .. how to account this compensation in tax computation ??? plzz reply