https://www.taxtmi.com/caselaws?id=11510 Section 194A(1) imposes a general TDS obligation on interest payments, but section 194A(3)(viia)(a) excludes interest paid by specified co-operative credit institutions, including a primary agricultural credit society, primary credit society, co-operative land mortgage bank, or co-operative land development bank. The Kerala High Court noted that the assessee societies fell within this exempted category, so interest on deposits, including time deposits, did not attract deduction at source. The exemption therefore applied in their favour, and no tax was required to be deducted under section 194A(1). en-us Fri, 18 Jul 2003 00:00:00 +0530 Sat, 13 Feb 2016 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11510 Section 194A(1) imposes a general TDS obligation on interest payments, but section 194A(3)(viia)(a) excludes interest paid by specified co-operative credit institutions, including a primary agricultural credit society, primary credit society, co-operative land mortgage bank, or co-operative land development bank. The Kerala High Court noted that the assessee societies fell within this exempted category, so interest on deposits, including time deposits, did not attract deduction at source. The exemption therefore applied in their favour, and no tax was required to be deducted under section 194A(1). Case-Laws Income Tax Fri, 18 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11510