No deduction of tax in certain cases
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.... family is not liable to audit of accounts under section 84 during the financial year immediately preceeding the financial year in which the payment is made; (b) any interest payable on any security of the Central Government or a State Government; (c) any interest on debenture payable to an individual, if - (i) the....
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....yments during the financial year does not exceed five thousand rupees; (f) any interest payable to,- (i) any banking company; (ii) any co-operative bank; (iii) any financial corporation established by or under a Central or State or Provincial Act; ....
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.... interest payable by the Central Government under any provisions of this Code or the Income-tax Act, 1961; (k) any interest payable on the amount of compensation awarded by the Motor Accidents Claims Tribunal, if the aggregate of the amounts of such interest paid, or credited, during the financial year does not exceed one hundred thousand rupees; (l) any....


TaxTMI
TaxTMI