10 April 2009
Individual need not affect TDS unless he is covered under tax audit provisions of section 44AB
Even in such cases, there is provision not to affect TDS, if the Co-operative society which you are referring to is included in the Exemptions List. Visit the following and check up visithttp://www.incometaxindia.gov.in/Acts/INCOME%20TAX%20ACT/194a.asp
CAclubindia
