Latest CBDT Circular: Applicability of TDS provisions on Interest accruing from Deposits made with Bank under the direction of Court in the course of Litigation

CBDT has issued Circular no.08/2011 dated 14/10/2011 clarifying position of TDS applicability in case where interest in accrued/becomes payable on Deposits made under the direction of Court under any Litigation.

Click on the following link to view Circular:
(You will be taken to National Website of Income Tax)

http://incometaxindia.gov.in/archive/BreakingNews_Tax_Delhi_10172011.pdf