Tag: TDS us 197A1D

  No TDS u/s 194A on interest payments up to Rs. 20 lakhs  to Scheduled Tribes by scheduled banks located in a specified area in North Eastern States and Ladakh Region   Sub-section (1F) of section 197A of the Income-tax Act, 1961 provides that no deduction of tax …

Circular No 26/2016 F.No. 275/26/2016-IT(B) Government of India Ministry of Finance Department  of  Revenue Central Board of Direct Taxes North Block, New Delhi 4th July, 2016 Subject: Applicability of Section 197A(1D) and Section 10(15)(viii) of the Income-tax Act, 1961 to interest paid by IFSC Banking Units (IBUs)- Clarification regarding …