Applicability of the provisions in respect of income paid or credited to a member of co-operative bank

Applicability of the provisions in respect of income paid or credited to a member of co-operative bank https://www.taxtmi.com/circulars?id=2883 Section 194A exemption permits a member of a co-operative bank to receive interest on both time deposits and deposits other than time deposits without TDS; clause (viia) applies only to non-member depositors for interest on deposits other than time deposits. The member exemption is confined to members admitted per registration and bye-laws who have subscribed and fully paid at least one share, have voting/participation rights in general meetings, and are entitled to share in profits. en-us Wed, 11 Sep 2002 00:00:00 +0530 Mon, 11 Aug 2008 10:23:00 +0530 TaxTMI RSS Generator Applicability of the provisions in respect of income paid or credited to a member of co-operative bank https://www.taxtmi.com/circulars?id=2883 Section 194A exemption permits a member of a co-operative bank to receive interest on both time deposits and deposits other than time deposits without TDS; clause (viia) applies only to non-member depositors for interest on deposits other than time deposits. The member exemption is confined to members admitted per registration and bye-laws who have subscribed and fully paid at least one share, have voting/participation rights in general meetings, and are entitled to share in profits. Circulars Income Tax Wed, 11 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2883