No TDS on Interest Paid to Co-operative Banks from 1st April 2026

Last updated: 07 February 2026

The Government has proposed an amendment to Section 393(4) of the Income-tax Act to remove the requirement of tax deduction at source (TDS) on interest income paid to co-operative societies engaged in banking business, including co-operative land mortgage banks. What the Law Currently Provides
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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