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Tds applicability ch. trust

This query is : Resolved 

24 December 2011 WHEN CHARITABLE TRUST HAVE TO DEDUCT TDS FROM IT CONTRACTORS PAYMENTS/ PROFESSIONAL FEES ETC ?
AS SUCH TRUST NOT COME UNDER THE SEC 44 AB!
PLEASE ANS! THANKS IN ADVANCE!!!!!!!!!!!!

24 December 2011 Whether 44AB applicable or not Trust are required to deduct TDS.


Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax.
However in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if the turnover or professional receipt exceeds sum of Rs. 60 lakh or Rs. 15 lakh respectively in previous year, he is required to deduct tax at source.


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