Easy Office
LCI Learning

Tds on interest paid to co-operative credit society

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
31 July 2012 Whether TDS is to be deducted on interest paid to Co-Operative credit society registered in Maharashtra under Maharashtra Co-Operative credit society Act. Society is accepting deposits from members, lending loans to members, however not participating in clearing house transactions.

31 July 2012 If the society is carrying on the business of banking, then TDS is NOT required to be deducted.

Otherwise, TDS is required to be deducted.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries