Please Help: TDS -INTEREST OTHER THAN INTEREST ON SECURITIES
Posted Date : 25-May-2016 , 06:07:54 pm | Posted By: DILIP NEEMA
Category :
Income Tax | Answers :
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Is Interest paid on fixed deposits of co-operative societies and PACS (Primary Agriculture credit society) by a Co-operative bank liable for TDS U/S 194A of the Income Tax Act ?If no please give detail of sub-section. |
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| Posted By : Vikash Singh Gusain |
31-May-2016, 11:26:58 |
| no need to deduct tax because it is exempt u/s 194A(3)in which write down that cooperative bank are exempted in respect of payment of intt on time deposit(FD) taken from co op socitey or pacs |
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