https://www.taxtmi.com/caselaws?id=283758 Interest credited by a recognised provident fund to accounts of members who had already ceased employment was not exempt under section 10(12) read with Part A of the Fourth Schedule, because the limited conditions in rule 8 were not satisfied. The credits were therefore subject to tax deduction at source under section 194A, and the fund was correctly treated as an assessee in default under section 201 read with section 201(1A). Section 192 did not apply, because the payment was interest to former employees and did not retain the character of salary once service had ended. en-us Fri, 29 Jul 2005 00:00:00 +0530 Thu, 10 Oct 2019 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283758 Interest credited by a recognised provident fund to accounts of members who had already ceased employment was not exempt under section 10(12) read with Part A of the Fourth Schedule, because the limited conditions in rule 8 were not satisfied. The credits were therefore subject to tax deduction at source under section 194A, and the fund was correctly treated as an assessee in default under section 201 read with section 201(1A). Section 192 did not apply, because the payment was interest to former employees and did not retain the character of salary once service had ended. Case-Laws Income Tax Fri, 29 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283758