Benefit of exemption u/s 194A(3)(iii)(a) on interest by the ...

Primary Agricultural Credit Societies get tax exemption on interest from Co-op Banks, not Treasury, u/s 194A(3)(iii)(v).

December 18, 2019

Case Laws Income Tax HC

Benefit of exemption u/s 194A(3)(iii)(a) on interest by the CO-OPERATIVE BANK to the Primary Agricultural Credit Societies - in the case of deposits made by the petitioner societies with the Co-operative Banks, they would be entitled to the benefit of exemption under Section 194A(3)(iii)(v) and, in respect of the deposits made by the petitioner societies with the Treasury, they will not be entitled to the benefit of exemption under Section 194A(3)(iii)(a)

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Benefit of exemption u/s 194A(3)(iii)(a) on interest by the ...

Primary Agricultural Credit Societies get tax exemption on interest from Co-op Banks, not Treasury, u/s 194A(3)(iii)(v).

December 18, 2019

Case Laws Income Tax HC

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