Fd deposited by trust
This query is : Resolved
13 April 2015
If trust is registered u/s 12AA and deposits 40 lacs in bank as FD...is tds applicable to it? If yes, at what rate?
13 April 2015
TDS provision is applicable for FD, even though the depositor is trust. The rate is 10%
CA Shravan Kumar
(Expert)
14 April 2015
An application in form no. 13 may be filed for nil/lower deduction of taxes.
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