Dear,
Whether educational trust can claim nil deduction of TDS in case of its interest income on FD?
Dear,
Whether educational trust can claim nil deduction of TDS in case of its interest income on FD?
yes, it can if it is registered under income tax as a trust and have nil liabilty towards income tax..
| Originally posted by : CMA Ravinder Singh | ||
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yes, it can if it is registered under income tax as a trust and have nil liabilty towards income tax.. |  |
Thanx for your reply sir..My university is under process of 12AA registration and 10(23c) exemption,so can you tell me exact procedure how to claim relief for nil TDS U/s 197 and whether it can apply Form 15G to bank ?
Waiting for your reply soon.
Thank you,
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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