Section under which local bodies are exempted from tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2015
In a reply in the Month of 9th Aug-2014 relating to how to claim refund of the TDS of a local body, the experts replied that local bodies are exempted from TDS and advised to file ITR 5 by the concerned local body itself. My question was that as an employee of a local body i.e Municipal Corporation/ Municipal Council in Andhra Pradesh, We are also facing the same problem of TDS deduction on the Fixed deposits. Hence, it is requested to kindly mention the Section of Income tax under which TDS deduction was exempted to local bodies so that it will be useful to all my fellow employees working in local bodies.
17 August 2015
Under section 196 of Income tax Act no TDS applicable to Govt/Govt body.
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