TDS u/s 194A - It is abundantly clear that the interest paid or ...

Interest on JKSRRDA Term Deposits Exempt from TDS u/s 194A; Demand Against Bank Deemed Incorrect.

July 21, 2023

Case Laws Income Tax HC

TDS u/s 194A - It is abundantly clear that the interest paid or accrued on the Term Deposit Accounts under Saving Bank Account of JKSRRDA was the money belonging to the Central Government and, therefore, exempted from deduction of income tax at source u/s 194A. - Thus raising a demand on account of failure of the assessee/Bank to deduct tax at source u/s 194A on the interest income accrued on the Term Deposit Accounts of the JKSRRDA was legally and factually flawed - HC

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TDS u/s 194A - It is abundantly clear that the interest paid or ...

Interest on JKSRRDA Term Deposits Exempt from TDS u/s 194A; Demand Against Bank Deemed Incorrect.

July 21, 2023

Case Laws Income Tax HC

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