Tds deductions on payment to trusts
This query is : Resolved
Shubham Shaily
(Querist)
11 June 2015
Dear Sir
Payment has been made by a college to a hospital(registered under trust) for medical checkup of its students . Will TDS deduction u/s 194 J will be attracted in this case.
11 June 2015
TDS to be deducted u/s 194J @ 10% if threshold limit of Rs 30000/- p.a. is crossed.
Rupesh Jain
(Expert)
11 June 2015
yes tds will deducted u/s 194J if amount exceeds rs. 30000/- in year.
RahulMehta
(Expert)
11 June 2015
As Income of Trusts registered under section 12AA are not non-taxable. They have just got some exemptions under 11 & 12 subject to 13.
So normal Tax deduction i.e. 10% under 194J if payment/bill amount exceeds 30000 in a year.
For non deduction of TDS, trust will have to obtain certificate under section 197 by furnishing form 13 to AO
So normal Tax deduction i.e. 10% under 194J if payment/bill amount exceeds 30000 in a year.
For non deduction of TDS, trust will have to obtain certificate under section 197 by furnishing form 13 to AO
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