TDS exemption on interest: payers need not deduct tax at source for interest falling under the specified statutory exemption. The amendment adds clause (xi) to subsection (3) of section 194A, expressly excluding from tax deduction at source obligations any interest referred to in clause (23FC) of section 10, so that payers of such interest need not deduct tax at source under section 194A.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
TDS exemption on interest: payers need not deduct tax at source for interest falling under the specified statutory exemption.
The amendment adds clause (xi) to subsection (3) of section 194A, expressly excluding from tax deduction at source obligations any interest referred to in clause (23FC) of section 10, so that payers of such interest need not deduct tax at source under section 194A.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.