TDS exemption revised: interest on Savings (Taxable) Bonds excluded from clause covering small interest payments. Section 193 is amended to insert a proviso excluding from clause (iv) of the proviso any application to interest exceeding ten thousand rupees payable on 8% Savings (Taxable) Bonds, 2003, thereby creating a limited exemption affecting withholding obligations for such interest.
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Provisions expressly mentioned in the judgment/order text.
TDS exemption revised: interest on Savings (Taxable) Bonds excluded from clause covering small interest payments.
Section 193 is amended to insert a proviso excluding from clause (iv) of the proviso any application to interest exceeding ten thousand rupees payable on 8% Savings (Taxable) Bonds, 2003, thereby creating a limited exemption affecting withholding obligations for such interest.
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