Cooperative Bank Must Deduct TDS on Term Deposit Interest for Members Under Income Tax Act Section 194A.

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....TDS u/s 194A - Interest paid on term deposits to its members by the Co-op bank - , when there is a specific provision, general provision cannot be applied in the case of the assessee otherwise the provision of section 194A (viia) will become redundant. - assessee liable to deduct TDS - AT....