SIMPLE TAX INDIA

NO TDS ON COMPENSATION ON AGRICULTURE LAND :GOVT CLARIFY

Posted: 17 Sep 2011 09:24 PM PDT

TDS from compensation paid under any law:
We find provisions for deduction of tax at source from the amount of compensation or additional compensation by way of enhancement etc. when certain capital assets are compulsorily acquired under any law. The provisions provide circumstances and conditions for TDS. We find that S.194L (operative up to 31.05.2000) is for TDS from compensation of any