Tds


This query is : Resolved 

18 July 2013 Are the Banks liable to deduct TDS under Sec 194A for FD's created by Government Units (for eg. Indian Army invested funds in Bank)??

If TDS is not required to be deducted then what is the correspondence to be given to the Bank for not deducting the TDS??

18 July 2013 bank is liable to deduct if prov is attracted.
there is no speacial exemption to govt units u/s 194A.

18 July 2013 Agreed with Tushar sir...


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