banner_ad

TDS is applicable or not on CROWDFUNDING CHARGES

321 views 1 replies
Dear Expert,
Our NGO registered under charitable trust & our most of income from donation. In this year we are getting donation through crowdfunding website. Donor transfer fund to crowdfunding company & crowdfunding company transfer fund to us after deduction their charges. Now my question is that, TDS is applicable or not on company charges.
Replies (1)
I think TDS will be applicable subject to limits under 194H. The rate of TDS is 5%. No deduction shall be made under this section in a case where the amount or the aggregate amounts of such income to be credited or paid during the financial year does not exceed INR 15,000 The Person can make an application to the assessing officer under section 197 for deduction of tax at NIL rate or at a lower rate.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details