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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