Dear,
Whether educational trust can claim nil deduction of TDS in case of its interest income on FD?
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Tds
Replies (3)
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 | ||
 |
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,
For relief under sec 197..i think form 13 is to be filed..nd yes if ur liabilty for incm tax is nil u can file form 15 G
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