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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 rupees one crore 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, the monetary limits and the rule position and the rate of income tax for such payments. thanking you sir chakravarthy
Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Presuming that you are making payment to resident, there would not be any TDS on compensation amount.
In previous reply, I have taken the presumtion of property being agricultural otherwise tax would be deducted u/s 194LA @ 10% if such compensation is more than 1 lac. W.e.f. July 1, 2012, the limit is 200000/- Page: 1 Old Query - New Comments are closed. |
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