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

K.V. Radhakrishnan , Last updated: 01 November 2025  
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Long-awaited verdict is now out from the Hon. High Court of Kerala on the issue of TDS (deduction of tax at source) from the interest paid or credited by the co-operative societies for the deposits. The Court held that after the insertion of proviso to the Section 194A(3) of the Income Tax Act, 1961

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K.V. Radhakrishnan
(Expert)
Category Income Tax   Report

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