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Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 November 2013 One Co. is not pay the TDS on interest income on FD from bank,which above 10000.
Explanation given by them is that Director of Co, is holding the share of bank.
Then its valid?
There is anyother situation when co. not deduct the TDS ?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
24 November 2013 i dont think so. the exemption is only for the actual shareholders of the cooperative banks in their personal capacities.

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