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TDS PROVISIONS APPLICABLE TO A COOPERATIVE SOCIETY

This query is : Resolved 
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(Querist)
08 August 2020 Sir,

Please let me know, whether a Co-Operative Credit Society is liable to deduct TDS on the interest paid to non-members if the aggregate amount of interest paid during the financial year is Rs. 40000/- or more.
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
09 August 2020 Yes.....TDS needs to be deducted
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