Tds deduction liability

Originally posted by : anies
	Co operative society (doing non banking business) held deposit with Co operative bank (doing banking business). Interest on deposit paid by Co operative bank to Co operative society. Is 194 C applicable to deduct tds on interest paid by Co operative bank to Co operative society? Is it exempt yo deduct tds on interest?

First Sec-194 C is not applicable because 194 C applicable on below mentioned works

(iv)  "work" shall include—

(a)  advertising;

(b)  broadcasting and telecasting including production of programmes for such broadcasting or telecasting;

(c)  carriage of goods or passengers by any mode of transport other than by railways;

(d)  catering;

(e)  manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer,

but does not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person, other than such customer.

In your case Section 194A may be apply 

Kindly provide more information so that i have suggest to right answer