TDS on interest to Agricultural produce marketing committee
This query is : Resolved
22 May 2009
Any income of Agricultural Produce Marketing Committee/ Board is not form of total incomeand hence not chargeble to tax as per section 10 (26AAB) of the Income tax act. Whether TDS U/s 194A is required to be deducted on interest payable to such Agricultural Committee by bank on time deposit ?
Opinion with sitation of Circular / Notification etc. will be highly appreciated.
Thanks in advance.
Regards,
Opinion with sitation of Circular / Notification etc. will be highly appreciated.
Thanks in advance.
Regards,
22 May 2009
tds is applicable only if the income is taxable..so no tds here
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