Menu
ref charitable trst gives their property on rent
Charitable Trust gives their prperty.Rent is in excess of Rs.120000/-from single taintent.The trust is exempted from income tax.Whether TDS is deducted is mandatory or not whether their is any expmtion to not deduct any tax in income tax act
Replies (1)
Though the income of a Charitable Institution is exempted under any section of IT, Its responsibility to deduct TDS from various payments are not relaxed. Few Examples are
1. TDS as per Income Tax Act
2. Payment of Provident fund & Gratuity (if applicable)
3. TDS under VAT (Commercial Tax) In case of TNVAT, they are specifically responsbile to deduct tax from payments to Civil Contractors.
4. E-filing of TDS quarterly returns
5. Tax-Audit of profit centres etc.
Recent Threads
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
Related Threads
CAclubindia
