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applicability of TDS

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..... applicability of TDS
Query (Issue) Started By: - sid chakravarthy Dated:- 27-6-2012 Last Reply Date:- 4-9-2012 Income Tax
Got 1 Reply
Income Tax
Dear sir, We are paying huge amounts for .....

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..... 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 .....

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..... of income tax for such payments. thanking you sir chakravarthy Reply By Ankur Agrawal: The Reply: Dear sir, you are covered under Sec 194L, under which, in case of cumpulsory acquition, if amoun .....

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..... t 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.
Discussion Forum - .....

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..... Knowledge Sharing .....

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