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Claiming refund of tds deducted on interest from f.d

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2014
Can N.G.O claim Tds as refund which is deducted on iterest received from F.Ds which were deposited in Bank?
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CA SUNIL K GARG

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CA SUNIL K GARG (Expert)
27 August 2014 of course yes , if the total income is below rs 2 lacs. and if the NGO is registered u/s 12 A , and all the condition of sec 11 are fulfilled , than there will not be any tax liability and u will get full amount refunded
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Rupesh Jain

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Rupesh Jain (Expert)
27 August 2014 YES IF they registered under section 12A as trust then no income will taxable and tds amount will be refundable
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