Tds applicability on term deposits by charitable institution

TDS 421 views 1 replies

Hi friends,

A charitable institution has made a term deposit with the Nationalised bank. Is TDS is applicable on interest income earned by charitable institution ? If say under which section it is applicable and in what way charitable institution can get an exemption from TDS applicability.

Replies (1)

TDS is deductible under sec 194A and exemption can be claimed uder sec 197 and 197(1A)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register