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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Benefit of exemption u/s 194A(3)(iii)(a) on interest by the ...

Income Tax

December 18, 2019

Benefit of exemption u/s 194A(3)(iii)(a) on interest by the CO-OPERATIVE BANK to the Primary Agricultural Credit Societies - in the case of deposits made by the petitioner societies with the Co-operative Banks, they would be entitled to the benefit of exemption under Section 194A(3)(iii)(v) and, in respect of the deposits made by the petitioner societies with the Treasury, they will not be entitled to the benefit of exemption under Section 194A(3)(iii)(a)

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