Monday, October 6, 2014

[aaykarbhavan] Transfer of land to Govt. without any compulsory acquisition would attract TDS under sec. 194-IA and not sec. 194LA



Transfer of land to Govt. without any compulsory acquisition would attract TDS under sec. 194-IA and not sec. 194LA

October 7, 2014[2014] 49 taxmann.com 109 (Kerala)/[2014] 264 CTR 437 (Kerala)
IT : Where assessee transferred its land to Government at agreed/negotiated price exceeding Rs. 50 lakh, tax was liable to be deducted on sale consideration under section 194-IA
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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