Section 194LA - Payment of compensation on compulsory acquisition of any immovable property (other than agricultural land)

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..... son responsible for paying to a resident any sum, being in the nature of * (i) compensation or the enhanced compen­sation * (ii) the consideration or the enhanced consideration * on account of compulsory acquisition under any law for the time being in force, of any immovable property (other than agricultur­al land), shall deduct income-tax thereon. * "Immovable property" means .....

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..... ot exceed Rs. 2,00,000/-. * From 01.07.2016 to 31.03.2025 - No tax is required to be deducted where the amount of such payment or the aggregate amount of such payment to a resident during the financial year does not exceed Rs. 2,50,000/-. * From 01.04.2025 - No tax is required to be deducted where the amount of such payment or the aggregate amount of such payment to a resident during the .....

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