Tds exemption for society

This query is : Resolved

KAVITA RAWAT (Querist)
Follow

18 April 2016 Dear Sir,

Kindly inform us the certificate 12 AA .
Whether the same is sufficient to claim full tds exemption by the society .

Is there any document which needs to be submitted to the bank for claiming 100% tax deduction by the society.

Regards

CA SUNIL K GARG

CA SUNIL K GARG (Expert)
Follow

19 April 2016 Society seeking certificate u/s 12A read with section 12AA(1)(b) of the Income Tax Act, 1961 has to make an application in Form 10A along with other required documents to claim tax exemption. However registration does not confer tax exemption on the income of the trust/institution u/s 11 or 12 of the Income Tax Act, 1961. The availability of tax exemption, if any, will be considered by the assessing officer and will be granted subject to the fulfillment of conditions laid down in section 11 to 13 of the IT Act, 1961.