TDS u/s 194A - non-deduction of TDS on account of interest paid ...

Income Tax

July 18, 2023

TDS u/s 194A - non-deduction of TDS on account of interest paid to the Jammu Development Authority [JDA] - the assessee was under no obligation to deduct TDS on interest payments made to the JDA on its fixed deposits in terms of Section 194A - JDA being a corporation established by the State Act. i.e the Development Act 1970 was, thus, outside the purview of sub-section (1) of Section 194A. - HC

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TDS u/s 194A - non-deduction of TDS on account of interest paid ...

Income Tax

July 18, 2023

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