Tds u/s 194IB ..
This query is : Resolved
15 March 2023
i am transferring every month a sum above Rs 50,000/- to dharmshala which has provisional approval of exemption u/s 80G (5) of Income tax act.
The above sum is paid as accommodation charges of staff members every month. And the same is shown as "BHET" (i.e. Donation) in the receipt.
I also claim deduction u/s 80G.
I just want to know whether i should deduct TDS u/s 194IB @ 5% (Being Individual)
Please advice
The above sum is paid as accommodation charges of staff members every month. And the same is shown as "BHET" (i.e. Donation) in the receipt.
I also claim deduction u/s 80G.
I just want to know whether i should deduct TDS u/s 194IB @ 5% (Being Individual)
Please advice
15 March 2023
If the payment to dharmshala is BHET, and also if you are claiming the amount as donation; no need to deduct TDS u/s. 194IB of IT act.
15 March 2023
Thanks a lot for prompt response
Yes. As it is mentioned in receipt regard provisional approval, i am claiming the same while filing the returns.
Yes. As it is mentioned in receipt regard provisional approval, i am claiming the same while filing the returns.
15 March 2023
Donations to such trusts are not subject to TDS...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Last year TDS Claim
- LTCG on switch of units
- Salary and pension received from Asian Development Bank
- Short Term Capital gain on shares bought and sold after 2018 onwards
- One Post a Week Done Right Beats Seven Done Wrong
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
