Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Income Tax This

A Public Forum.
Acknowledging the Value of Experts.

Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query     My IssuesMy Replies
A free service.
You may submit an issue for brainstorming also.

applicability of TDS, Income Tax

Issue Id: - 4298
Dated: 27-6-2012
By:- sid chakravarthy

applicability of TDS


  • Contents

Dear sir,

We are paying huge amounts for compulosry aquisition of private properties for road widening as compensation.

I would like to know the applicability of TDS under income tax for the above payments and the rule position and the rate of income tax for such payments.

thanking you sir

chakravarthy

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 4-9-2012
By:- Ankur Agrawal

Dear sir,

you are covered under Sec 194L, under which, in case of cumpulsory acquition, if amount of compensation exceeds Rs. 100000, payer needs to deduct TDS at the specified rate. i advice to please refer the this particular section to get clearity regarding your doubt.

 


Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates