applicability of tds

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..... applicability of tds
Query (Issue) Started By: - sid chakravarthy Dated:- 7-7-2012 Last Reply Date:- 9-7-2012 Income Tax
Got 2 Replies
Income Tax
Dear sir, We are paying rupees one crore .....

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..... 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 .....

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..... rule position and the rate of income tax for such payments. thanking you sir chakravarthy Reply By CA GOPALJI AGRAWAL: The Reply: Presuming that you are making payment to resident, there would not .....

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..... be any TDS on compensation amount. Reply By CA GOPALJI AGRAWAL: The Reply: In previous reply, I have taken the presumtion of property being agricultural otherwise tax would be deducted u/s 194LA @ .....

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..... 10% if such compensation is more than 1 lac. W.e.f. July 1, 2012, the limit is 200000/-
Discussion Forum - Knowledge Sharing .....

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