TDS (TRUST)
This query is : Resolved
07 June 2010
DEAR SIR
AN ORGANISATION (SCHOOL) REGISTERED UNDER TRUST CATEGORY IT WAS REGISTERED UNDER IT ACT OF SEC 12A.
MY QUERY IS SCHOOL IS PAID VAN RENT RS. 32000/ PER MONTH THIS LIABLE FOR DEDUCT TAX OR NOT PLEASE SEND CLARIFICATION AS SOON AS POSSIBLE
THANKING YOU
V. RAJESH
AN ORGANISATION (SCHOOL) REGISTERED UNDER TRUST CATEGORY IT WAS REGISTERED UNDER IT ACT OF SEC 12A.
MY QUERY IS SCHOOL IS PAID VAN RENT RS. 32000/ PER MONTH THIS LIABLE FOR DEDUCT TAX OR NOT PLEASE SEND CLARIFICATION AS SOON AS POSSIBLE
THANKING YOU
V. RAJESH
07 June 2010
The status of a trust, as per decided cases is, 'individual'. If that view is considered, no need to deduct tax under section 194C and 194I provided the gross receipts of the trust is less than Rs. 40/-lakhs (post amended Rs.60/-lakhs) per annum.
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