No TDS Deduction required u/s 194A(3)(iii)(a) of Income Tax Act on Interest payment to Cooperative Society: ITAT [Read Order]

ITAT - ITAT Pune - TDS deduction - TDS - TAXSCAN

The Income Tax Appellate Tribunal ( ITAT ), Pune bench ruled that Interest payment made to cooperative society does not attract Tax Deduction at Source ( TDS ) deduction under Section 194A(3)(iii)(a) of Income Tax Act, 1961. The Assessee Tokai Sahakari Sakhar Karkhana Ltd after filing the return of income, during the assessment proceedings the…

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