Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

TDS exemption for educational trusts

Divya Priya (student) (333 Points)

19 December 2018

After applying for tds exemption (form 13) , how the approval is made? 2 person should approve or what?

Reply
Follow
Share

1 Replies

jyoti bhagchandani (fresher) (595 Points)
Replied 19 December 2018

An application for Nil/ Lower deduction of TDS is required to be filed in Form 13 to the Income Tax Officer, and the tax officer on being satisfied that lower deduction of TDS is justified shall issue a certificate for the same under Section 197.

Nil/ Lower deduction of TDS is only applicable once the Income tax officer has issued a certificate for the same in response to an application made in Form 13. This certificate is required to be submitted to the person who is deducting the TDS.

1 Like