TMI BlogNo deduction of tax in certain cases.X X X X Extracts X X X X X X X X Extracts X X X X ..... a Hindu undivided family, if the individual or the Hindu undivided family is not liable to get the accounts audited under section 88 for the financial year immediately preceding the financial year in which the payment is made; (b) any interest payable on any security,— (i) of the Central Government or a State Government; or (ii) issued by a company, if such ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pany during the financial year, does not exceed ten thousand rupees; (e) any other interest payable if the aggregate amount of the payments during the financial year does not exceed five thousand rupees; (f) any interest payable to,— (i) any banking company; (ii) any co-operative bank; (iii) any financial corporation established by or unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1957, as they stood before the commencement of this Code; (k) any interest payable on the amount of compensation awarded by the Motor Accidents Claims Tribunal, if the aggregate of the amounts of such interest paid, or credited, during the financial year does not exceed one lakh rupees; (l) any amount payable on maturity, or redemption, of a zero coupon bond; (m) any pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (p) any payment of rent, if the aggregate amount of the payments during the financial year does not exceed one lakh eighty thousand rupees; (q) any payment of compensation on compulsory acquisition of immovable property, if the aggregate amount of the payments during the financial year does not exceed two lakh rupees; (r) any amount payable by way of distribution of income by a m ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
