https://www.taxtmi.com/acts?id=47880 The amendment replaces clause (vii) of section 194A(3) to subject income on deposits (other than time deposits) with banking companies and with specified cooperative banking entities to the withholding regime. Clause (viia) adds primary agricultural credit societies, primary credit societies, co-operative land mortgage banks, co-operative land development banks, and cooperative societies engaged in banking to the list of payers whose non-time deposit interest is covered. "Time deposits" are defined to exclude recurring deposits and mean deposits repayable on expiry of a fixed period. en-us Mon, 27 Jan 2025 14:06:06 +0530 Mon, 27 Jan 2025 16:23:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47880 The amendment replaces clause (vii) of section 194A(3) to subject income on deposits (other than time deposits) with banking companies and with specified cooperative banking entities to the withholding regime. Clause (viia) adds primary agricultural credit societies, primary credit societies, co-operative land mortgage banks, co-operative land development banks, and cooperative societies engaged in banking to the list of payers whose non-time deposit interest is covered. "Time deposits" are defined to exclude recurring deposits and mean deposits repayable on expiry of a fixed period. Act-Rules F. Acts / Amendment Acts Mon, 27 Jan 2025 14:06:06 +0530 https://www.taxtmi.com/acts?id=47880