TDS on interest deductible by co-operative society post introduction of proviso to section 194A(3)

Vellangallur Peoples Welfare Co-Operative Society Ltd Vs Union of India (Kerala High Court)

Kerala High Court held that proviso to Section 194A(3) of the Income Tax Act which requiring co-operative society to deduct TDS on interest amount is constitutionally valid. Accordingly, writ petitions are dismissed.

Facts- In all these cases, the petitioners are Co-operative Societies registered under the provisions of the Kerala Co-operative Societies Act, 1969 and are classified as Primary Agricultural Credit Societies under the said Act and the Rules. In all thes

Please become a Premium member. If you are already a Premium member, login here to access the full content.