https://www.taxtmi.com/manuals?id=1606 Tax deduction at source is not required on interest other than interest on securities where payments fall within specified exempt categories. These include payments to designated banking, financial, insurance, and notified institutions; certain interest payments by or between co-operative societies; and interest on deposits with specified co-operative institutions. The banking co-operative society exception is unavailable where prescribed turnover conditions and the applicable interest threshold are exceeded. Exempt payment categories also include specified Government payments and schemes, certain bank deposits, qualifying Motor Accidents Claims Tribunal awards, specified zero coupon bonds, scheduled interest, and interest paid by a firm to its partner. en-us Sat, 08 Jul 2017 09:56:00 +0530 Mon, 03 Aug 2026 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1606 Tax deduction at source is not required on interest other than interest on securities where payments fall within specified exempt categories. These include payments to designated banking, financial, insurance, and notified institutions; certain interest payments by or between co-operative societies; and interest on deposits with specified co-operative institutions. The banking co-operative society exception is unavailable where prescribed turnover conditions and the applicable interest threshold are exceeded. Exempt payment categories also include specified Government payments and schemes, certain bank deposits, qualifying Motor Accidents Claims Tribunal awards, specified zero coupon bonds, scheduled interest, and interest paid by a firm to its partner. Manuals Income Tax Sat, 08 Jul 2017 09:56:00 +0530 https://www.taxtmi.com/manuals?id=1606