29 July 2015
Dear All, My Client, a Trust, recently got exemption u/s 10(23AAA) for the AYs 2012-13, 2013-14 and 2014-15. Earlier, Banks affected TDS on the interest on investment of the Trust, u/s 194A(1) and paid to the Government for these periods. Which is the easiest way to get refund of the amount so remitted? Shall we persuade the deductor to apply in form 26B or is there any alternative solution.
31 July 2015
Thank you Taxguy. Is it not that a Trust/Fund exempted u/s 10(23AAA) need not file ITR. In such case is there any alternative to claim refund?