Recently the Madras High Court directed the Centre which includes the Finance Ministry and Central Board of Direct Taxes (CBDT) to take consider the exemption on primary agricultural cooperative credit societies from TDS deduction under Section 194N of the Income Tax Act, 1961. The petitioners, Erode Mavatta Valamana Thodakka Velanmai Kotturavu Vangi Paniyalargal Sangam, herein…
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