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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

TDS u/s 194A - Disallowance u/s.40(a)(ia) - non-deduction of tax ...


Interest Payments to Nominal, Associate, and Sympathizer Members Exempt from TDS u/s 194A(3)(v) of Income Tax Act.

September 12, 2020

Case Laws     Income Tax     AT

TDS u/s 194A - Disallowance u/s.40(a)(ia) - non-deduction of tax at source on interest paid to some of the members, which were held to be not legal members - whether nominal members, associate members and sympathizer members were also covered by the exemption under section 194A(3)(v)? - HELD Yes - AT

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