TDS U/s 194A on educational inst. exempted

This query is : Resolved 

12 August 2010 Is TDS U/s 194A applicable on educational institutes exempted U/s 10(23)(C)(iiid).The edu.inst.has submitted form 15 G and the amount of interest is more then 5 Lacs.The trust is registered U/s 12 A of I.T.Act.

13 August 2010 Sir,
Why not, there is no bar under section 194A.
So long as there is a valid 15G, Nothing wrong in availing TDS Exemption.
Thanks, Pankaj



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