Urban Cooperative Banks Must Deduct TDS on Interest Over Rs. 10,000 per Section 194A or Face Disallowance.

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....TDS liability on Interest - disallowance u/s 40(a)(ia) - if the amount more than ₹ 10,000/- is credited as an interest on time deposits, then the urban cooperative Bank is liable to deduct the TDS as is laid down in the said provisions of section 194A - AT....