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TDS on interest to Agricultural produce marketing committee

This query is : Resolved 

22 May 2009 Any income of Agricultural Produce Marketing Committee/ Board is not form of total incomeand hence not chargeble to tax as per section 10 (26AAB) of the Income tax act. Whether TDS U/s 194A is required to be deducted on interest payable to such Agricultural Committee by bank on time deposit ?
Opinion with sitation of Circular / Notification etc. will be highly appreciated.

Thanks in advance.
Regards,

22 May 2009 tds is applicable only if the income is taxable..so no tds here



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