Income Tax Act, 2025
Section 269UG: Payment or deposit of consideration.—(1) The amount of consideration payable in
269UG. Payment or deposit of consideration.—(1) The amount of consideration payable in
accordance with the provisions of section 269UF shall be tendered to the person or persons entitled
thereto, within a period of one month from the end of the month in which the immovable property
concerned becomes vested in the Central Government under sub-section (1), or, as the case may be, subsection (6), of section 269UE:
Provided that if any liability for any tax or any other sum remaining payable under this Act, the
Wealth-tax Act, 1957 (27 of 1957), the Gift-tax Act, 1958 (18 of 1958), the Estate Duty Act,
1953 (34 of 1953), or the Companies (Profits) Surtax Act, 1964 (7 of 1964), by any person entitled to the
consideration payable under section 269UF, the appropriate authority may, in lieu of the payment of the
amount of consideration, set off the amount of consideration or any part thereof against such liability or
sum, after giving an intimation in this behalf to the person entitled to the consideration.
(2) Notwithstanding anything contained in sub-section (1), if any dispute arises as to the
apportionment of the amount of consideration amongst persons claiming to be entitled thereto, the Central
Government shall deposit with the appropriate authority the amount of consideration required to be
tendered under sub-section (1) within the period specified therein.
(3) Notwithstanding anything contained in sub-section (1), if the person entitled to the amount of
consideration does not consent to receive it, or if there is any dispute as to the title to receive the amount
of consideration, the Central Government shall deposit with the appropriate authority the amount of
consideration required to be tendered under sub-section (1) within the period specified therein:
Provided that nothing herein contained shall affect the liability of any person who may receive the
whole or any part of the amount of consideration for any immovable property vested in the Central
Government under this Chapter to pay the same to the person lawfully entitled thereto.
(4) Where any amount of consideration has been deposited with the appropriate authority under this
section, the appropriate authority may, either of its own motion or on an application made by or on behalf
of any person interested or claiming to be interested in such amount, order the same to be invested in such
Government or other securities as it may think proper, and may direct the interest or other proceeds of any
such investment to be accumulated and paid in such manner as will, in its opinion, give the parties
interested therein the same benefits therefrom as they might have had from the immovable property in
respect whereof such amount has been deposited or as near thereto as may be.
The amount of consideration payable in
accordance with the provisions of section 269UF shall be tendered to the person or persons entitled
thereto, within a period of one month from the end of the month in which the immovable property
concerned becomes vested in the Central Government under sub-section
Surtax Act, 1964 (7 of 1964), by any person entitled to the
consideration payable under section 269UF, the appropriate authority may, in lieu of the payment of the
amount of consideration, set off the amount of consideration or any part thereof against such liability or
sum, after giving an intimation in this behalf to the person entitled to the consideration.
Notwithstanding anything contained in sub-section
within the period specified therein.
Notwithstanding anything contained in sub-section
within the period specified therein:
Provided that nothing herein contained shall affect the liability of any person who may receive the
whole or any part of the amount of consideration for any immovable property vested in the Central
Government under this Chapter to pay the same to the person lawfully entitled thereto.
Where any amount of consideration has been deposited with the appropriate authority under this
section, the appropriate authority may, either of its own motion or on an application made by or on behalf
of any person interested or claiming to be interested in such amount, order the same to be invested in such
Government or other securities as it may think proper, and may direct the interest or other proceeds of any
such investment to be accumulated and paid in such manner as will, in its opinion, give the parties
interested therein the same benefits therefrom as they might have had from the immovable property in
respect whereof such amount has been deposited or as near thereto as may be.