TDS: Assessee- bank making provision for interest payable on notional basis No tax deductible under section 194A

TDS: Assessee- bank making provision for interest payable on notional basis No tax deductible under section 194A

Description: Bank of Maharashtra v.ITO[2010] 6 ITR [Ahd-Trib] 824 The board has clearly clarified  the position and the facts are exactly identical  In the  present  case that the  interest  credited as per notional entry was only provisioning  in the  accounts  for the purposes of macro- monitoring and  it was  not  actual credit  or payment  of […]

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