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TMI BlogNo deduction of tax in certain cases.X X X X Extracts X X X X X X X X Extracts X X X X ..... if the individual or the Hindu undivided family is not liable to get the accounts audited under section 88 for the financial year immediately preceding the financial year in which the payment is made; (b) any interest payable on any security,— (i) of the Central Government or a State Government; or (ii) issued by a company, if such security is in dematerialised form and is listed on a recognised s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nancial year does not exceed five thousand rupees; (f) any interest payable to,— (i) any banking company; (ii) any co-operative bank; (iii) any financial corporation established by or under a Central or State or Provincial Act; (iv) any insurer; (v) any mutual fund; or (vi) any institution, association or body, or class of institutions, associations or bodies, which the Central Government may, for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l) any amount payable on maturity, or redemption, of a zero coupon bond; (m) any payment for carriage of goods by road transport if the payee furnishes his permanent account number to the payer; (n) any payment to a contractor in respect of works contract, service contract, advertising, broadcasting and telecasting, supply of labour for carrying out any works, or service, contract or carriage of g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n of income by a mutual fund in respect of a fund, not being an equity oriented fund, to any unitholder, if,— (i) such unitholder is not a company; and (ii) the aggregate amount of the payment to the unitholder during the financial year does not exceed ten thousand rupees; (s) any amount payable, by a life insurer to any policy-holder, if,— (i) such policy-holder is not a company; (ii) the policy ..... X X X X Extracts X X X X X X X X Extracts X X X X
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