10 (23bba)

Whether a Temple is exempt u/s 10(23BBA) for Bank Deposits held by it? If so, the Banks are not to deduct TDS from the Interest accrued on the said Deposits. Is it correct?

Replies (1)

No, Section 10(23BBA) exempts incomes of statutory bodies for the administration of public charitable trust.

Source: https://www.caclubindia.com/experts/religious-trusts-825475.asp

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