Claiming refund of tds deducted on interest from f.d
This query is : Resolved
Querist : Anonymous
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?
Can N.G.O claim Tds as refund which is deducted on iterest received from F.Ds which were deposited in Bank?
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
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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