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.

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. https://www.taxtmi.com/circulars?id=5117 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. en-us Tue, 30 Jan 1996 00:00:00 +0530 Sat, 09 Aug 2008 15:11:00 +0530 TaxTMI RSS Generator 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. https://www.taxtmi.com/circulars?id=5117 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. Circulars Income Tax Tue, 30 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5117