Tds on central govt. deposits


This query is : Resolved 

01 December 2012 CENTRAL GOVT. HAVE DEPOSIT WITH A NATIONALISED BANK ON WHICH INTEREST WAS CREDITED WHICH IS ELIGABLE FOR TDS U/S 194A, WHETHER SUCH ACT IS ENFORCABLE ON CENTRAL GOVT. ALSO?

01 December 2012 TDS is never deducted on account of Govt.
Logic being that Govt. itself is collector.


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