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Fd deposited by trust

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(Querist)
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?
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CA. SHIVA SHANKARA R. SHETTY

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CA. SHIVA SHANKARA R. SHETTY (Expert)
13 April 2015 TDS provision is applicable for FD, even though the depositor is trust. The rate is 10%
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CA Shravan Kumar

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CA Shravan Kumar (Expert)
14 April 2015 An application in form no. 13 may be filed for nil/lower deduction of taxes.
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