Tds liability for trust

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2012 A Trust has been registered U/s 12AA of the I.T.Act 1961 The Trust making payment to the party for the Construction of Building. Sir, We would like ask question.

1) Wether trust has to deducted TDS U/s. 194C?

OR

2) Trust is not Liable for the TDS Liability ?

Please give in Brief answer

Its Urgent

Thanking you in advance.

Guest

Guest (Expert)

05 May 2012 Trust is liable to deduct tax.

TDS provisions are to be complied by trust alsoi as they comes under the purview of tax audit

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