TDS on Income exempted u/s 10(26)?

This query is : Resolved

sanjay kumar (Querist)
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28 December 2010 I wish to know that whether any Income-tax is to be deducted on Income exempted u/s 10(26)?

Please give reference in support of your views.
It may be noted that it might be possible that person having income exempted u/s does not have any PAN card also.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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28 December 2010 1. Yes income tax will be deducted unless the a certificate u/s 197 for 0 tax is received from the deptt.

2. PAN is necessary, since the assessee u/s 10(26) has to file the return.