Tds reduction in ngo
This query is : Resolved
17 October 2022
Hii,
If a donor, donate the certain amt in ngo, is there any possibility that the ngo has to give them a tds certificate. If yes then how ngo will give tds certificate to donor, if no then how will donor get a tds reduction for itr filing
If a donor, donate the certain amt in ngo, is there any possibility that the ngo has to give them a tds certificate. If yes then how ngo will give tds certificate to donor, if no then how will donor get a tds reduction for itr filing
17 October 2022
No. TDS is not applicable on receipt of any donation.
In case the NGO is registered u/s. 12A & 80G of the IT act, in that case the donor can claim the exemption u/s. 80G of the act. In such case the NGO has to provide the receipt of the donation.
In case the NGO is registered u/s. 12A & 80G of the IT act, in that case the donor can claim the exemption u/s. 80G of the act. In such case the NGO has to provide the receipt of the donation.
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