No tax is to deducted at source u/s 194A ----------------------------------------------- Where the aggregate amt. of such interest to be paid or credited to the account of payee during the F.Y does not exceed: a. Rs. 10000 where the payer is a banking co. b. Rs. 10000 where the payer is a co-operative society engaged in carrying on the business of banking c. Rs. 10000 on any deposit with post office under any scheme framed by CG. d. Rs 5000 in any other case. Regards Admin, CA n U.
Posted on: Thu, 19 Sep 2013 16:30:12 +0000
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