Tds on member's deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2013 Hi all,
i have 1 query regarding TDS on member's deposit, when a member of co-operative society (who purchase shares of that society) make FIXED DEPOSIT in that society, then TDS provisions will be applicable on such member's deposit? if yes then how & if no then on what basis?

28 July 2013 TDS provisions does not attract vide section 194A(3)(v) of the Income tax Act,1961.


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