No Sec. 194A TDS was required if interest paid to persons who were duly admitted as members of Co-operative bank

INCOME TAX: Where assessee co-operative bank made payment of interest to HUF and unregistered firms, since both of these entities were 'members' of assessee admitted by way of an application made by them to bank and then passing a resolution to extent of their admission as members of bank in its board of directors meeting, no deduction of tax at source was to be made under section 194A on such payments of interest

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