https://www.taxtmi.com/forum/issue?id=1061 If documentary evidence and a certificate name the recipient as the payee, that person may be treated as the real beneficiary for claiming TDS credit on interest held in an intermediary name; rule 37BA supports recognition of the person named in the certificate. Where the bank has deducted and deposited tax, practical remedy lies in claiming credit or adjustment in favour of the named beneficiary using the certificate and related court order rather than contesting the timing of deduction; exemption questions turn on the applicable statutory exemption status of the intermediary. en-us Fri, 20 Mar 2009 06:14:01 +0530 Thu, 23 Jan 2025 15:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1061 If documentary evidence and a certificate name the recipient as the payee, that person may be treated as the real beneficiary for claiming TDS credit on interest held in an intermediary name; rule 37BA supports recognition of the person named in the certificate. Where the bank has deducted and deposited tax, practical remedy lies in claiming credit or adjustment in favour of the named beneficiary using the certificate and related court order rather than contesting the timing of deduction; exemption questions turn on the applicable statutory exemption status of the intermediary. Discussion-Forum Income Tax Fri, 20 Mar 2009 06:14:01 +0530 https://www.taxtmi.com/forum/issue?id=1061