Trust income

TDS 507 views 1 replies

Hello,

There's an educational Institute which is run by a trust.That Institute has kept a FD with Bank of which Interest (p.a.) exceeds Rs 15000.I want to know if there's any provision in the Trust Income Sections of Income Tax for non deduction of TDS similar to Form 15G or 15H.

I went through the provisions of Trust Income but did not found any such clause.

Please guide me over the same issue.

Plz reply soon.

Replies (1)

FORM 15G/ 15H CAN BE APPLYING ONLY BY INDIVIDUAL OR HUF UNDER SEC.197A.

YOU CAN FILE APPLICATION TO A.O. UNDER SECTION 197 FOR NON DEDUCTION OR LOWER DEDUCTION OF TDS, IF YOU CAN CONVICE A.O. FOR THE SAME.

 

 

REGARDS

CA SUNNY AGGARWAL


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register