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TDS u/s 194 A on Educational Society

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(Querist)
11 August 2009 Please let me know whether Educational societies are exempted from TDS on interest paid on unsecured loan taken from them. Society have submitted form 15G.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
11 August 2009 If it falls under its objective clauses then yes also inst should be charitable U/s 12

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