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TDS APPLICABLE
interest paid to co-op society more than 5000 by tax audit assessee is liable for tds provisions or not?
Replies (3)
Quick Summary
Not liable for tds
But why
After the amendment by Finance Act 2020, TDS has to be deducted u/s 194A by a co-operative society having gross receipts exceeding Rs 50 Cr in case of payment of interest to its members and also to other co-operative societies irrespective of the fact that whether it is engaged in the business of banking or not @ 10%
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