TDS on Rent

We have taken office building on Rent from a Christian Institution whose income is exempted u/s 10 . Whether we need to deduct TDS while paying Rent to them.

Thanks & Regards

P. Raja

Replies (4)

U need to deduct the TDS unless the trust produces the exemption certificate.

for more information on this pls visit the below mentioned link

https://sawaal.ibibo.com/personal-finance-and-tax/what-tds-on-charitable-trust-476408.html

just check out the second reply from Mr. Om Prakash,

Thanks,

Sunil

 

Exemption Certificate under Sec 197A or u/s 10 ( 23C ) is enough?

 

Regards

 

P. Raja

I think u need to provide either the form 197A or the Form No. 15 G. but the from no 15 G would be a better option as the it is just a simple declaration to be signed by the authorised signatory of the trust.

banks people are accepting this form no.15G for the Purpose of non-deduction of the TDS on interest.

thanks,

Sunil

Raja ,

Refer Board circular no 4 of the year 2002 ( 16th july ) . Clause ix of the circular will clarify your problems . Unless it falls under subclause iiiab /iiiac of 10(23C) , Tds to be deducted .

Cos it will prove that its not a blanket exemption , and return is required to be filed u/s 139(1).

The income has to be unconditionally exempt for TDS not be to deducted at yr end , read the circular , i am sure it will be helpful 

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