TDS on court-directed fixed deposit interest suspended until court determines beneficiary; TDS applies thereafter to recipient. Interest on fixed deposits made in the name of the Registrar General of the Court or by a depositor on court directions is not subject to TDS under section 194A while court proceedings to determine the beneficiary are pending because the recipient, amount and year of receipt are unascertainable. After the court determines ownership, section 194A applies and TDS must be deducted to the credit of the recipient; the Board has accepted this position and advises withdrawal or non-prosecution of contested appeals.
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 on court-directed fixed deposit interest suspended until court determines beneficiary; TDS applies thereafter to recipient.
Interest on fixed deposits made in the name of the Registrar General of the Court or by a depositor on court directions is not subject to TDS under section 194A while court proceedings to determine the beneficiary are pending because the recipient, amount and year of receipt are unascertainable. After the court determines ownership, section 194A applies and TDS must be deducted to the credit of the recipient; the Board has accepted this position and advises withdrawal or non-prosecution of contested appeals.
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