A Infrastructre debt fund exempted u/s 10(47) paid interest of Rs.3 lakh to a person who is resident of a notified jurisductional area.....then what will be the liability for TDS....
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Quick Summary
This discussion explores the TDS deduction implications when an infrastructure debt fund, exempt under Section 10(47), pays interest to a resident of a notified jurisdictional area. It seeks clarification on the TDS liability and the specific rate at which such deductions should be applied to individuals.