Tds on payment to assessees exempt u/s 10

Hi Freinds,

Can anyone please clarify me the current status of circular no 4/2002 which states that no TDS deduction is required to be made for the CERTAIN SPECIFIED assessees who are EXEMPT FROM FILING OF RETURN.

As of now every university/college/hospital is required to mandatorily file the return of Income by virtue of section 139.

So, Please clarify me whether Tax is required to be deducted in case of assessees whose income is exempt u/s 10 (university/college/IIT/Hospital)

Replies (1)

Dear Amit,

Even those entities will have to obtain PAN in order to avail the exemption, because no such exemption either via 15G/15H or under Sec 10 is applicable to persons who don't have PAN.

Regards

CA Kanwaljit Singh Dhunna

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