Tds on bank interest for sec10(26) entities

190 views 1 replies
Banks usually seek Certificate u/s 197 of Income Tax Act for non deduction of Income Tax at source on Bank Interest. Whether an Entity which is exempted from Income Tax under u/s 10(26) will have to apply to I Tax Deptt(TDS wing) to obtain such Sec 197 Certificate to claim non deduction of Income Tax at source from its earnings from bank Interest.It is SBI which is seeking such Sec 197 Certificate as their system requires such Certificate from the depositor for non deduction of TDS on Bank Interest. If it is required, then please suggest how the application in Form No. 13 is to be made and to whom?
Replies (1)

Application with Jurisdiction ITO


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details