Can you tell me what is tax consideration on interest received against fixed deposit with co-operative socities(regd. under socities act). They are not dedcuting the TDS on interest paid to its members! Is this income is fully taxable or not? There is any exclusion aginst this income receipts? shibu
Menu
Interest income from co-operative societies
Replies (1)
Clause (v) of sub-section (3) of section 194A exempts such income credited or paid by a co-operative society to a member thereof from the requirement of TDS.
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
