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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

TDS u/s 194A - Interest paid on term deposits to its members by ...


Cooperative Bank Must Deduct TDS on Term Deposit Interest for Members Under Income Tax Act Section 194A.

January 20, 2015

Case Laws     Income Tax     AT

TDS u/s 194A - Interest paid on term deposits to its members by the Co-op bank - , when there is a specific provision, general provision cannot be applied in the case of the assessee otherwise the provision of section 194A (viia) will become redundant. - assessee liable to deduct TDS - AT

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