neeraj sharma (3 Points)
09 March 2023We are a registered society holding 12A and 80G , We are receiving funds from GWP for water sustainability projects , and we are further sending fund to member organisation for project completion, and taking fund utilization certificates from them with UDIN .
My question is that should we have to deduct TDS on fund further send to member organisation ?
Subhojeet Karmakar
(34 Points)
Replied 09 March 2023
neeraj sharma
(3 Points)
Replied 09 March 2023
No , we are providing funds to member organization that is either trust/company/society for specific activities to be done as per our agreement and we are taking fund utilisation certificate from them . We are a 12A& 80G registered society.
CAclubindia
