No TDS requirement if interest payable to individuals on GFDA scheme floated by ‘Sahara’ didn’t exceed Rs. 2,500

INCOME TAX: Where assessee-company made provision of interest not on individual basis but made on lump- sum basis on total amount of deposit collected under GFDA scheme floated by it, since interest payable to individual account holder did not exceed Rs. 2,500 in a Financial year, assessee was not required to deduct tax at source

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194810/no-tds-requirement-if-interest-payable-to-individuals-on-gfda-scheme-floated-by-‘sahara’-didn’t-exceed-rs-2500.aspx