Whether interest payments under Land Acquisition Act are covered by section 194A

Whether interest payments under Land Acquisition Act are covered by section 194A https://www.taxtmi.com/circulars?id=4933 Interest paid under the Land Acquisition Act falls within the statutory tax-deduction-at-source regime applicable to interest paid to residents; non-individual payers such as State Development Authorities and similar bodies must deduct tax at source at the time of credit or payment, deposit the tax with the Central Government within prescribed periods, and are subject to penal consequences for failure to deduct or remit. en-us Mon, 05 Dec 1988 00:00:00 +0530 Mon, 04 Aug 2008 19:07:00 +0530 TaxTMI RSS Generator Whether interest payments under Land Acquisition Act are covered by section 194A https://www.taxtmi.com/circulars?id=4933 Interest paid under the Land Acquisition Act falls within the statutory tax-deduction-at-source regime applicable to interest paid to residents; non-individual payers such as State Development Authorities and similar bodies must deduct tax at source at the time of credit or payment, deposit the tax with the Central Government within prescribed periods, and are subject to penal consequences for failure to deduct or remit. Circulars Income Tax Mon, 05 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4933