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TDS on Payment to University

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(Querist)
18 July 2011 Whether a Bank needs to deduct TDS on interest payment made to a University Established under Central Act ? Please provide relevant section / CBDT circular on this matter, if any ?
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CS Bijoy

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CS Bijoy (Expert)
19 July 2011 TDS on interest is Deduct under section 194A but if the Govt is receiver than TDS not required to deduct.

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