TDS on interest paid on deposits by its members u/s ...

Cooperative societies in banking exempt from TDS on member deposits under Income Tax Act Section 194A(3)(i)(b). CBDT circulars can't override law.

August 6, 2015

Case Laws Income Tax AT

TDS on interest paid on deposits by its members u/s 194A(3)(i)(b) - CBDT circular cannot over-ride the prescription of statute passed by the parliament. And, there is no quarrel that assessee is a co-operative society engaged in banking business - No TDS - AT

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TDS on interest paid on deposits by its members u/s ...

Cooperative societies in banking exempt from TDS on member deposits under Income Tax Act Section 194A(3)(i)(b). CBDT circulars can't override law.

August 6, 2015

Case Laws Income Tax AT

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