Tax deduction at source on interest treats credited interest in suspense accounts as deemed payee credit, expanding TDS reach. The amendment to section 194A deems interest credited in any account of the payer - including accounts titled 'Interest payable account' or 'Suspense account' or by any other name - to be credit of such income to the payee, making the section's withholding provisions applicable; it also raises the monetary threshold in the specified clause for the operation of the withholding obligation.
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.
Tax deduction at source on interest treats credited interest in suspense accounts as deemed payee credit, expanding TDS reach.
The amendment to section 194A deems interest credited in any account of the payer - including accounts titled "Interest payable account" or "Suspense account" or by any other name - to be credit of such income to the payee, making the section's withholding provisions applicable; it also raises the monetary threshold in the specified clause for the operation of the withholding obligation.
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