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Articles by K.V. Radhakrishnan

TDS Liability of Co-Operative Bank On Interest Paid To A Co-Operative Society

Posted by K.V. Radhakrishnan 13 April 2026 295 Views

A detailed analysis of Section 194A of the Income Tax Act on TDS applicability for co-operative banks and societies, covering key amendments, judicial precedents, and the continuing legal ambiguity on interest payments.

Co-Operative societies are liable to deduct tax from payment of interest

Posted by K.V. Radhakrishnan 01 November 2025 14840 Views

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.

Are Co-operative Societies Liable Under GST?

Posted by K.V. Radhakrishnan 26 June 2025 10079 Views

Supply of service or goods provide to the members by a co-operative society registered under any co-operative law will not come under the provisions of the GST Act. Why? We shall look into the statutory provisions of the law and the Constitution of India.