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TDS Exemption

This query is : Resolved 
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(Querist)
18 January 2010 Dear all

Please suggest me whether banks are liable to deduct the TDS on interest on deposits made by the following Government bodies.

CRPF employee welfare fund etc.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
18 January 2010 Is it fund establised by Armed forces then it is exempted from TDS See Circular No.735 Dt:30.1.1996
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