My client is a trustee of one of the religious trust. During fy 2012-13, a temple has been constructed by the trust. They have received around rs 12 lakhs as donations out of which a temple has been constructed.
Is it necessary for the trust to deduct tds out of the payment made to contractors for construction purpose..?
Cost of construction has been capitalized but is it necessary to deduct tds u/s 194 c..?
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