Section 393(4); Table [For No Deduction at Source] - Interest other than Interest on Securities

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.... TDS Provision Condition for No Deduction 7 Interest other than interest on securities referred to in Section 393(1) [Table: Sl. Nos. 5(ii) and 5(iii)] No tax shall be deducted where the interest payment falls within any of the categories specified in clauses (a), (b) or (c) of this serial number. Effect of the provision Although interest other than interest on s....

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....n, body or class thereof as notified by the Central Government before 1 April 2020. (b) Exemption relating to Co-operative Societies No tax is required to be deducted from interest- • paid by a co-operative society (other than a co-operative bank) to its members; • paid by one co-operative society to another co-operative society; • paid on deposit....