Fd deposited by trust

This query is : Resolved 

13 April 2015 If trust is registered u/s 12AA and deposits 40 lacs in bank as FD...is tds applicable to it? If yes, at what rate?

13 April 2015 TDS provision is applicable for FD, even though the depositor is trust. The rate is 10%

14 April 2015 An application in form no. 13 may be filed for nil/lower deduction of taxes.




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