Tds 194a
This query is : Resolved
prakash r sahane
(Querist)
10 November 2011
A cooperative Bank has invested certain amount in Fixed Deposits with Nationalised bank.whether Interest paid by the Bank is liable for TDS U/S 194A ?
CMA Nishad Patkar
(Expert)
11 November 2011
By virtue of sections 194A(3) and 197(1c), any interest is credited or paid to any banking company or co-operative bank is not liable for TDS Dedcution
By virtue of sections 194A(3) and 197(1c), any interest is credited or paid to any banking company or co-operative bank is not liable for TDS Dedcution
prakash r sahane
(Querist)
14 November 2011
What will be the position if the RBI has cancelled the License of teh bank and started the Liquidation procedure ?
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