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Tds on charitable trust or educational school

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 February 2015 Whether banks are responsible to deduct TDS on interest on Fixed deposits of any Trust registered u/s 80G or educational school registered in society Act
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CMA Shubhajit Karmakar

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CMA Shubhajit Karmakar (Expert)
04 February 2015 Yes, Bank are responsible for deduction if interest excess limit. 80G registration is irrelevant for TDS deduction purpose.

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