Interest Payments by Banks to State Industrial Development Authorities Exempt from TDS u/s 194A(3)(iii)(f) of Income Tax Act.

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....Liability to deduct tax at source u/s 194A on interest paid to NOIDA - payment of interest by banks to the State Industrial Development Authorities does not require any deduction of tax at source in terms of section 194A(3)(iii)(f) - AT....