Central Government relaxes provisions of TDS u/s 194A of the Income-tax Act, 1961 in view of section of 10(26) of the Act

Central Government relaxes provisions of TDS u/s 194A of the Income-tax Act, 1961 in view of section of 10(26) of the Act https://www.taxtmi.com/news?id=24476 No deduction under section 194A shall be made on interest (other than on securities) paid by a Scheduled Bank to a Scheduled Tribe member residing in a specified area, provided the payer obtains documentary evidence verifying the receiver's Scheduled Tribe status and accrual under section 10(26), reports the payments in statements under section 200(3), and the aggregate payments in the previous year do not exceed the notified limit; "Scheduled Bank" is as defined in the Second Schedule of the Reserve Bank of India Act. en-us Sat, 18 Sep 2021 10:12:14 +0530 Sat, 18 Sep 2021 10:12:14 +0530 TaxTMI RSS Generator Central Government relaxes provisions of TDS u/s 194A of the Income-tax Act, 1961 in view of section of 10(26) of the Act https://www.taxtmi.com/news?id=24476 No deduction under section 194A shall be made on interest (other than on securities) paid by a Scheduled Bank to a Scheduled Tribe member residing in a specified area, provided the payer obtains documentary evidence verifying the receiver's Scheduled Tribe status and accrual under section 10(26), reports the payments in statements under section 200(3), and the aggregate payments in the previous year do not exceed the notified limit; "Scheduled Bank" is as defined in the Second Schedule of the Reserve Bank of India Act. News - Sat, 18 Sep 2021 10:12:14 +0530 https://www.taxtmi.com/news?id=24476