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applicability of TDS, Income Tax |
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applicability of TDS |
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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
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.
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