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Whether TDS on interest payments will be applicable with retrospective effect or prospective basis ?

April 26, 2017applicable basis PAYMENTS retrospective TDS

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Whether TDS on interest payments will be applicable with retrospective effect or prospective basis ?

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Reply : TDS is applicable from the very first day that SCSS, 2004 was made operational regardless of the fact that the Central Government or Reserve Bank of India or any authority might have issued any Notification / circular / clarification at a later stage (GOI letter F.