Regarding TDS

Lakshmisha. B. S (assisstant) (92 Points)

20 September 2011  

Please Clarify, Wethr TDS on Interest paid or credited on deposit made by a Co-operative society in schedule Bank is applicable.

Wehter Schedule Bank has to deduct tax at source on interest given to deposit of a co-operative society since U/s 80P(2)(a) (i) such interest is exempted or not ?