Deduction of TDS under section 194A of income Tax Act 1961 (Amended by Finance Act 2015)
This office has received a reference from a customer through email mentioning that income Tax Commissioner Mumbai has writter a letter on 8.9.2015 to Postmaster General GPO Mumbai for implementing the amendments applicable from 1.6.2015 in section 194A of Income Tax Act 1961 through Financial Act2015 under which Postmasters have to deduct TDS of Agreegate interest payment on Time Deposits including Recurring deposits.
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