Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]

Co-operative bank - TDS exemption - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that Cooperative bank share eligible for Tax Deduction at Source (TDS) exemption under section 194A for deposits by nominal members. The appellants are a group of cooperative banksregistered under the provisions of the Maharashtra Cooperative Act andare engaged in the business of banking. The Assessing…

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