TDS on dividend declared to subscribers - Chit fund dividend to ...

Chit Fund Dividends Not Considered Interest; No Tax Deduction Needed u/s 194A of Income Tax Act.

November 4, 2013

Case Laws Income Tax AT

TDS on dividend declared to subscribers - Chit fund dividend to the subscribers does not partake the character of interest defined u/s 2(28A) and accordingly, the assessee is not liable to deduct tax under section194A - AT

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TDS on dividend declared to subscribers - Chit fund dividend to ...

Chit Fund Dividends Not Considered Interest; No Tax Deduction Needed u/s 194A of Income Tax Act.

November 4, 2013

Case Laws Income Tax AT

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