Requirement of TDS u/s. 193 and 194-I of IT Act-Payment of income by way of interest on securities and rent made to Regimental Fund or Non-Public Fund established by Armed Forces of the Union for the welfare of past and present members of such forces or their dependants, whose income is exempt u/c.
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TDS exemption on interest and rent to armed forces regimental funds confirmed; no tax deduction at source required. Because the income of Regimental Funds and Non-Public Funds established by the Armed Forces is exempt under the relevant income exemption provision, no tax is to be deducted at source under the provisions dealing with withholding on interest and on rent in respect of payments made to those funds.
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 and rent to armed forces regimental funds confirmed; no tax deduction at source required.
Because the income of Regimental Funds and Non-Public Funds established by the Armed Forces is exempt under the relevant income exemption provision, no tax is to be deducted at source under the provisions dealing with withholding on interest and on rent in respect of payments made to those funds.
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