Interest paid to ‘NOIDA’ won‘t attract Sec. 194A TDS; SC upholds High Court’s ruling

IT : In view of fact that New Okhla Industrial Development Authority (NOIDA) was established by Uttar Pradesh Industrial Area Development Act, 1976 and was covered by Notification dated 22-10-1970, High Court rightly held that it was a Corporation established by a State Act and was, therefore, entitled to exemption of payment of tax at source under section 194A(1)

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000182185/interest-paid-to-‘noida’-won‘t-attract-sec-194a-tds-sc-upholds-high-court’s-ruling.aspx