Section 194a Applicability
This query is : Resolved
dilip gurnani
(Querist)
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.
28 October 2017
What is the meaning of "Member is Exempt"...?
Interest above Rs. 10k TDS is applicable....
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dilip gurnani
(Querist)
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
(Querist)
29 October 2017
Ours is mscs...multi state cooperative society.
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
(Querist)
28 November 2017
Please refer Section 194A Subsection (3) Clause (v)
Dhirajlal Rambhia
(Expert)
01 October 2021
Yes. it is provision given to co op societies.
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