No TDS Needed if Form 15G/15H Received: Section 194A & 197A Exempt Section 40(a)(ia) Disallowance.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Once Form No,15G/Form 15H were received by the persons responsible for deducting tax, there is no liability to deduct tax at source in view of section 194A r.w.s. 197 A. - Accordingly, the mischief provided under section 40(a)(ia) is not attracted. - AT....