Can tds be deducted on compulsaory acqisition?
if yes, then under which act as per income tax act or land acqusitioin act.
plz ans with references to particular sections
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Tds on land acqusition
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194LA
On payment of compensation or enhanced compensation or consideration for compulsory acquisition of immovable property(other than agricultural land) to a resident, the payer is required to deduct tax at source @ 10% where the compensation or consideration exceeds ₹ 2 lakh, w.e.f A.Y 2013-14
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