TDS on dividend / premium on chit fund – Interest u/s 2(28) - he ...

Chit fund dividend payments are not considered interest u/s 2(28) and exempt from TDS u/s 194A.

February 12, 2014

Case Laws Income Tax AT

TDS on dividend / premium on chit fund – Interest u/s 2(28) - he payment to the subscribers of a chit towards dividend does not partake the character of interest - No TDS u/s 194A - AT

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TDS on dividend / premium on chit fund – Interest u/s 2(28) - he ...

Chit fund dividend payments are not considered interest u/s 2(28) and exempt from TDS u/s 194A.

February 12, 2014

Case Laws Income Tax AT

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