https://www.taxtmi.com/article/detailed?id=5963 Withholding under the tax deduction regime arises only when interest is credited or paid to an identifiable person who is assessable for tax. Interest credited to fixed deposits held in the name of the Registrar General as custodian for court-directed deposits does not vest in the Registrar General nor in any ascertainable assessee while proceedings are pending; therefore no withholding obligation arises at the time of accrual, and deduction should await disbursement to the ultimately entitled beneficiary. en-us Tue, 23 Dec 2014 06:04:38 +0530 Tue, 23 Dec 2014 06:04:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5963 Withholding under the tax deduction regime arises only when interest is credited or paid to an identifiable person who is assessable for tax. Interest credited to fixed deposits held in the name of the Registrar General as custodian for court-directed deposits does not vest in the Registrar General nor in any ascertainable assessee while proceedings are pending; therefore no withholding obligation arises at the time of accrual, and deduction should await disbursement to the ultimately entitled beneficiary. Articles Income Tax Tue, 23 Dec 2014 06:04:38 +0530 https://www.taxtmi.com/article/detailed?id=5963