close x
Home > Experts > Income Tax > Tds on interest paid to co-operative credit society


Please Wait ..

Sign-in to your account



Username:
Password:

Remember Me | Forgot your password?

 

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.



Alternatively, you can log in using:

Tds on interest paid to co-operative credit society (Income Tax)

Report Abuse
This query is : Resolved

Author : Anonymous

( Author )
31 July 2012

Whether TDS is to be deducted on interest paid to Co-Operative credit society registered in Maharashtra under Maharashtra Co-Operative credit society Act. Society is accepting deposits from members, lending loans to members, however not participating in clearing house transactions.


CA Siddhartha Bhardwaj

( Expert )
31 July 2012

If the society is carrying on the business of banking, then TDS is NOT required to be deducted.

Otherwise, TDS is required to be deducted.


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :










submit








Quick Links





back to the top