Section 194a Applicability

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dilip gurnani (Querist)
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28 October 2017 The tds Section 194a is not applicable on interest earned from cooperative society on deposites by a member is exempt. Is it true..under which section its exempt.

RAJA P M

RAJA P M (Expert)
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28 October 2017 What is the meaning of "Member is Exempt"...? Interest above Rs. 10k TDS is applicable....

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dilip gurnani

dilip gurnani (Querist)
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29 October 2017 Interest earned on recurring or deposit by a member of credit cooperative society. deduction of tds under section 194a is exempt.

dilip gurnani

dilip gurnani (Querist)
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29 October 2017 Ours is mscs...multi state cooperative society.

RAJA P M

RAJA P M (Expert)
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29 October 2017 Please refer section 194A... Interest earned anyway tds applicable above Rs. 10k... But, it's exempt as ITR filing u/s 80TTA....

dilip gurnani

dilip gurnani (Querist)
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28 November 2017 Please refer Section 194A Subsection (3) Clause (v)

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 October 2021 Yes. it is provision given to co op societies.

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