Understand TDS liability for co-operative banks paying interest to co-operative societies. Learn about exemptions, amendments, and new provisos.
The Kerala High Court has upheld the validity of the proviso to Section 194A(3) of the Income Tax Act, 1961, making it mandatory for co-operative societies with turnover above Rs 50 crore to deduct TDS on interest paid to depositors.
Discover if co-operative societies are liable for GST on supplies to their members. Understand the legal position and recent amendments.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English