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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Assessee which is a co-operative society carrying on banking ...


Co-operative banks are exempt from TDS deduction u/s 194A for interest payments to members on deposits.

March 27, 2015

Case Laws     Income Tax     AT

Assessee which is a co-operative society carrying on banking business when it pays interest income to a member both on time deposits and on deposits other than time deposits with such co-operative society need not deduct tax at source (TDS) u/s 194A - AT

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