Tds u/s 194la is taxfree or capital gain

GOPAL SHARMA (Others) (34 Points)

04 March 2014  

IS TDS UNDER SECTION 194LA  TAXFREE AND HOW TO GET REFUND

CASE IS AS FOLLOWS:

1. COMPENSATION OF COMPULSORY AQUISITION OF WELL AND BOARING IN AGRICULTURE LAND.

2.AQUIRED BY RIICO(GOVT.)

TDS BY GOVT. ON 720692 AT 10.3% AMOUNTED TDS 74231.

I FILE RETURN AS EXEMPT INCOME AND CLAIM FOR TAX REFUND ON ENTIRE AMOUNT.

IS IT NECESSARY TO SHOW IN ITR AS EXEMPT INCOME OR NIL TAXABLE INCOME.