TaxTMI 
TaxTMI 
Section 194A - TDS on Interest other than "Interest on Securities"
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.... profession * during the financial year immediately preceding the financial year in which such interest is credited or paid, shall be liable to deduct income-tax. Which time required to deduct TDS * Tax is to be deducted at the time of payment of interest in cash or or by cheque or any other mode, whichever is earlier. * Where any income by way of interest is credited to any account, whether called "Interest payable account" or "Suspense account" or by any other name, in the books of account of the person liable to pay such income, such crediting shall be deemed to be credit of such income to the account of the payee and the provisions of this section shall apply accordingly. Rate of TDS * In case of PAN Furnished:- TDS....
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....ruction or purchase of houses in India for residential purposes, and which is eligible for deduction under section 36(1)(viii) of the aforesaid amount shall be computed with reference to the income credited or paid by a branch of the banking company or the co-operative society or the public company, as the case may be. Where amount referred in first proviso shall be computed with reference to the income credited or paid by the banking company or the co-operative society or the public company, as the case may be, where such banking company or the co-operative society or the public company has adopted core banking solutions; In case of payee being a senior citizen, the provisions of sub-clause (a), sub-clause (b), and sub-....
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.... Central, State or Provincial Act * the Life Insurance Corporation of India * the Unit Trust of India * any company or co-operative society carrying on the business of insurance * such other institution, association or body which the Central Government may notify * to such income credited by way of interest on the compensation amount awarded by the Motor Accidents Claims Tribunal, the aggregate of the amount of such income paid during the financial year does not exceed Rs. 50,000/- * to any income by way of interest referred to in clause (23FC) of section 10 (C) Where such income credited or paid by a firm to a partner of the firm (D) Where such income is paid by a co-operative society to a member of a co-operative society or ....
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....interest on FDRs made in the name of Registrar General of the Court or the depositor of the fund on the directions of the Court, will not be subject to TDS till the matter is decided by the Court. However, once the Court decides the ownership of the money lying in the fixed deposit, the provisions of section 194A will apply to the recipient of the income. [ Circular No. 23/2015 dated 28/12/2015 ] * No deduction of TDS u/s 194A on payment made to a member of schedule Tribe referred u/s 10(26) by a Schedule Bank. [ Notification No. 110/2021 date 17.09.2021 ] * Deduction of TDS on interest income accrued to minor child, where both the parents have deceased. [ Notification No. 05/2017 dated 29.05.2017 ] * Deduction of TDS on int....