No tds deduction on interest on fd
This query is : Resolved
09 May 2018
I would like to get an opinion on No TDS deduction on FD.
We are section 8 company and hence we are not liable to pay TDS .
Now this is the first time we have put our funds into FD and the bank is deducting TDS on Interest and when we submitted 80G certificate and 12A registration certificate they asked us to give exemption certificate u/s197.
So my question is can we apply being section 8 company and if yes what is the process of obtaining certificate u/s 197.
We are section 8 company and hence we are not liable to pay TDS .
Now this is the first time we have put our funds into FD and the bank is deducting TDS on Interest and when we submitted 80G certificate and 12A registration certificate they asked us to give exemption certificate u/s197.
So my question is can we apply being section 8 company and if yes what is the process of obtaining certificate u/s 197.
09 May 2018
Please apply in form 13 for the certificate. Application to be submitted to your
Income tax officer.
Income tax officer.
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