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S. 194A - Co-operative bank need not deduct tax at source on interest paid to its members

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(2014) TaxCorp(LJ) 3362 (ITAT-BANGALORE) S. 194A - Co-operative bank need not deduct tax at source on interest paid to its members even if the amount exceeded Rs\- 10,000 p.a. It was held that 194A(3)(v) applies to a co-op bank and in view of the exemption, interest cannot be disallowed u\s
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Rupesh Srivastava

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