Tax Column

Tax Column

Sayali Shirke
/ Categories: DSIJ_Magazine_Web, Tax Queries, DSIJMagazine_App, Regular Columns, Tax Column

I own a building that has a ground and first floor. The ground floor has been given on rent since many years to an individual tenant. Despite my repeated requests, he has refused to vacate until I agreed to pay a compensation of ₹10 crore. While making this payment, am I supposed to deduct TDS under Section 194 IA of the Income Tax Act? 

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