Tds on interest paid to pat sanstha

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38 Points Posted on 13 January 2021
whether tds is required to be made when interest is paid to pat sanstha/finance company
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On 13 January 2021 at 20:58 Report
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This discussion clarifies whether Tax Deducted at Source (TDS) is necessary when paying interest to a Pat Sanstha or finance company. It highlights that TDS under Section 194A generally applies to interest payments. However, an exception exists under Section 194A(3)(iii)(a), which may exempt co-operative credit societies from TDS on interest paid or credited in certain circumstances.

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Chartered Accountant
24588 Points Posted on 13 January 2021
TDS u/s 194A
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On 13 January 2021 at 22:18
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17269 Points Posted on 14 January 2021
In case of interest paid to Co-operative credit societies by its borrowers or by other society/bank on deposits, the only possible exception to the general applicability of TDS on interest is provided in Section 194A(3)(iii)(a) to the effect that, TDS provisions u/s 194A(1) are not applicable to interest paid/credited
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On 14 January 2021 at 09:33

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