05 March 2011
Please let me know whether there is any exemtion form TDS out of interest paid to a trust registered u/s 12A of the Income Tax Act, 1961.
05 March 2011
No exemption from TDS deduction. TDS required to be deducted u/s 194A on any interest paid to trust @ 10%. Threshold limit Rs 5000/- p.a.
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