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HOW TO GET TAX REFUND FOR TDS DEDUCTED UNDER 194LA | COMPULSORY LAND ACQUISITION

Project -
#makeknowl...
sir how to file itr for tds deducted u/s 194LA for AY 2017-18
assessee is individual, his agriclutral land aquired by government"

Solution - As per circular 36 /2016 released by CBDT , the compensation received is exempt since it falls under section 96 of RTFCLARR (Right to fair compensation for land acquisitiom , rehjabilitation and resettlement )act
You can simply show it under exempt income and claim TDS credit by showing it in TDS schedule !

Here , however there is also the case of belated filing which needs to be addressed and that is to be done seeking condonation seeking from CIT under section 119(2)(b)
If he permits and issues condonation notice , then using section 139 alongwith 119(2)(b) , you can file time barred return and claim refund of deducted TDS

(I have assumed that the compensation doesn't fall under section 46 of RTFCLARR act , 2014 )" id="vid_text">
Category:
TDS
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