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TDS Disallowance for Trust
For a trust having 12A registration, will the TDS disallowed be treated as deemed income and charged to income tax ?
Replies (4)
If no tds is deducted than treat as deemed income of trust 30% of value same as per PGBP
Thank You Sir.
Will that deemed income be taxed directly or allowed to be set off against the remaining expense ?
Will that deemed income be taxed directly or allowed to be set off against the remaining expense ?
Your most welcome no expenses are allowed against such income
@ Justin
TDS disallowed means what
Why deemed income
Income will always be Gross Income (before TDS) In ITR .
Explain query what exactly you are asking
TDS disallowed means what
Why deemed income
Income will always be Gross Income (before TDS) In ITR .
Explain query what exactly you are asking
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